Performance of U.S. Financial Sector and Bank Stocks: October 2002-August 2009

Meric, Ilhan; Goldberg, Ilene V.; Sprotzer, Ira B.; Meric, Gulser
May 2010
International Research Journal of Finance & Economics;2010, Issue 39, p64
Academic Journal
The U.S. stock market has experienced the worst bear market in its history since the Great Depression during the October 9, 2007-March 9, 2009 period. The stock market crash was mainly caused by the U.S. banking sector crisis in 2008. As a result of this crisis, the U.S. financial sector has received considerable attention in recent empirical studies. In this paper, we evaluate the performance of the U.S. financial sector during the October 2002-August 2009 period, which covers the October 2002-September 2007 bull market, the October 9, 2007-March 9, 2009 bear market, and the March 10-August 10, 2009 bull market.


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