The S&P 500 Has Had the Best Month Since 1987

The S&P 500 (NYSE:SPY) has had its best month since 1987.  Month-to-date it has increased 8.2%, up 96.74 points, to 1,272.99.

Despite concerns about the insufficiency of Europe’s plans to bail outs its bank and deal with Greek debt, the market has surged on the news.

Bank stocks gained more than 5%.  JPMorgan Chase & C0. (NYSE:JPM), Citigroup, Inc. (NYSE:C), and Bank of America (NYSE:BAC) all gained.  Financial companies in the S&P 500 have gained 22% overall this month.

European banks including BNP Paribas (EPA:BNP) and Deutsche Bank AG (NYSE:DB) have also climbed.

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Following is some information about these companies’ stock price performance.

  • JPMorgan Chase & C0. (NYSE:JPM): The shares recently traded at $36.34, up $2.16, or 6.32%, on the day.  The shares have traded in a 52-week range of $27.85 o $48.36 and its market capitalization is $138.09 billion.  About the company: JPMorgan Chase & Co., provides global financial services and retail banking.  The Company provides services such as investment banking, treasury and securities services, asset management, private banking, asset management, card member services, commercial banking, and home finance.  JP Morgan Chase serves business enterprises, institutions, and individuals.
  • Citigroup, Inc. (NYSE:C): The shares recently traded at $33.47, up $2.28, or 7.32%, on the day.  The shares have traded in a 52-week range of $21.40 to $51.50 and its market capitalization is $97.86 billion. About the company: Citigroup, Inc. is a diversified financial services holding company that provides a broad range of financial services to consumer and corporate customers around the world.  The Company’s services include investment banking, retail brokerage, corporate banking, and cash management products and services.
  • Bank of America (NYSE:BAC): The shares recently traded at $7.02, up $0.43, or 6.53%, on the day.  The shares have traded in a 52-week range of $5.13 to $15.31 and its market capitalization is $71.14 billion.   About the company: Bank of America Corporation accepts deposits and offers banking, investing, asset management, and other financial and risk-management products and services.  The Company has a mortgage lending subsidiary, and an investment banking and securities brokerage subsidiary.
  • BNP Paribas (EPA:BNP): The shares recently traded at €35.13, up €5.09, or 16.92%, on the day.  The shares have traded in a 52-week range of €22.72 to €59.94 and its market capitalization is €42.2 billion.  About the company: BNP Paribas SA is a France-based bank group with three core businesses: Retail Banking, Investment Solutions and Corporate and Investment Banking.
  • Deutsche Bank AG (NYSE:DB): The shares recently traded at $46.85, up $6.73, or 16.78%, on the day.  The shares have traded in a 52-week range of $28.57 to $66 and its market capitalization is $42.1 billion.  About the company: Deutche Bank AG is a global financial service provider delivering commercial, investment, private and retail banking.  The Bank offers debt, foreign exchange, derivatives, commodities, money markets, repo and securitization, cash equities, research, equity prime services, loans, convertibles, advice on M&A and IPOs, trade finance, retail banking, asset management and corporate investments.

(Note: Selected financial data are sourced from Google Finance.  All data are assumed to be accurate.)

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