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- Former JPMorgan Broker Files racial discrimination suit against company
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5/17 Weekly Update: Financial Stocks Had Bad Week, As Financialish-30-Index Drops 2-1/2%
May 20, 2019
by Howard Haykin
The Financialish 30 Index declined 2.5% for the week ended 5/17/19, significantly worse than the S&P 500 Index, which only declined 0.7%.
Among the 10 Largest Financial Stocks ...
- American Express (+0.8%) was the only winner this week - squeaking out a 1-point gain.
- Bank of America (-10.0%) was the biggest loser, followed by Citigroup (-4.4%) and Morgan Stanley (-4.3%).
- Over the past 4 weeks, Morgan Stanley is the only financial company that has not had a weekly advance. Meanwhile, Citigroup has lost 8.6% of its market value over the past 2 weeks.
► Above 10 stocks are ranked by market capitalization. [Yahoo! Finance]
► Click here for 5/17 closing prices of all stocks in the Financialish 30 Index.
