Seeking Alpha
Macro, economy, Professor
Profile| Send Message|
( followers)

The KBW Bank Sector is a capitalization-weighted index composed of 24 geographically diverse stocks representing national money center banks and leading regional institutions, including Bank of America (NYSE:BAC), Citigroup (NYSE:C), Wells Fargo (NYSE:WFC), etc. (see list here). As Larry Kudlow reported last night at the top of "The Kudlow Report," the banking sector is rebounding, and the KBW Index has almost doubled since the early March bottom (see chart above), rising 96% since March 6.

The Index gained almost 4% yesterday, following a 20.11% increase on Friday, which set a new record for the largest single-day increase in the KBW Index since it originated in 1993.

Source: Do Gains in the KBW Bank Sector Mean the Banking Crisis Is Over?