Investment Bank Stocks Diverging - Bear Stearns and Lehman Lag

Includes: BSC, GS, JPM, LEH, MS
by: Bespoke Investment Group

Hickey and Walters (Bespoke) submit: Over the past few months, there has been a pretty significant divergence in the performance of major Wall Street firms. Since the subprime driven declines in late February shook the group slightly, Goldman (NYSE:GS), Morgan Stanley (NYSE:MS) and JP Morgan (NYSE:JPM) have registered 10%+ gains. On the other hand, Bear Stearns (NYSE:BSC) and Lehman (LEH) have basically gone nowhere.

While many firms have claimed to weather the subprime storm okay, their second quarter earnings reports due in June should paint a much clearer picture. We have a bit of insight into what actual investors are thinking based on the performance numbers below.

brokers performance