Performance of U.S. financial sector and bank stocks: October 2002-August 2009

Ilhan Meric, Ilene V. Goldberg, Ira B. Sprotzer, Gulser Meric

Research output: Contribution to journalArticlepeer-review

Abstract

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.

Original languageEnglish (US)
Pages (from-to)64-71
Number of pages8
JournalInternational Research Journal of Finance and Economics
Volume39
StatePublished - May 1 2010

All Science Journal Classification (ASJC) codes

  • Finance
  • Economics and Econometrics

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