- 4 Enemies of Bull Markets
- Experiencing Technical Difficulty?
- The Importance of Good Breadth
- Your First Move For Friday November 27th
- How Big Money Rules the Markets
- Web Extra: Private Equity, Conviction Buy?
- Follow the Leader
- Pops & Drops: Abercrombie & Fitch, Nucor...
- Giving Thanks: Seymour
- Your Questions About... Alcoa & The Dollar
MOST SHARED
- The Executive Job Search
- S&P Stocks Trading at New 52-Week Highs
- Where Do Pardoned Turkeys Go?
- Judge Erases Couple's $525,000 Mortgage Payment
- Activision Prepares to Double Dip on ‘Modern Warfare 2’
- Salvation Army's Kettles Now Credit Card-Ready
- US Mint to Suspend American Eagle Gold 1-Ounce Coins
- Topless Business Is Taking Off
- 'Cancer of Fraud' Permeates US Health Care System
RSS FEED
» Help
powered by digg
Text Size 
Jan.28
11:44 AM ET
Shares of US financial companies are rallying today after CNBC's Senior Economics Reporter, Steve Liesman, reported late Tuesday that the Obama administration might set a "bad bank," taking away toxic assets. Investors' optimism over quick actions by the new administration to contain the financial meltdown, have lifted the S&P 500 about 4% week-to-date. The Financial sector is currently leading all the major sectors to the upside with a gain of approximately 11.7% week-to-date.
Here is a look at the top percent gainers in the S&P 500 Financials sector week-to-date:
 |
*All data as of 11:30 AM EST.
Year-to-date, Morgan Stanley [MS Loading... ()
] is leading the Financials sector, with a gain of about 35%, followed by American Capital (ACAS), Federal Investors (FII), and SLM [SLM
Loading...
()
], up over 27%, 23%, and 18% respectively in 2009. President Obama met with business leaders on Wednesday morning in the Roosevelt Room of the White House; a sign of the President's commitment to jump-start the economy as quickly as possible. Any swift actions by the Federal Reserve and Treasury to remove bad assets from financial institutions' balance sheets could be a bullish signal for some struggling financial companies.
Comments? Send them to
© 2009 CNBC.com
- For nearly three decades, these on-call experts have been dishing advice on how to – and not to – cook turkey.
- Eric Schmidt pledges to create a virtual copy of the Iraq National Museum at Google’s expense.
- Bill Griffeth is taking a leave of absence from CNBC and Power Lunch for a year. Here's a message from Bill.
- More shoppers than ever plan to comparison-shop this season. Who will benefit?
- It may be the most unusual guide to business you'll read.
- How can you get out of debt and back on the road to recovery? Follow these ten steps.
MORE FROM CNBC
Data is a real-time snapshot *Data is delayed at least 15 minutes