After reading Richard Webb's blog on Regions bank, where he reviewed the bank's decline in stock price over the last two years, I was curious to compare the same trend at US Bank.
Richard's blog states the following stock information:
8-29-07 stock closed at $31.44
8-29-08 stock closed at $9.27
8-28-09 stock closed at $5.97
Regions' stock price has declined 81% over the last two years.
US Bank closing stock price:
9-3-09 stock closed at $20.95
9-3-08 stock closed at $32.95
8-31-07 stock closed at $32.35
These figures, taken from the US Bank web site, represent a 35% decline in stock price over the same two year period. Given the issues that have taken place in our economy, and in the banking industry in particular, I was glad to see such a comparatively small decline in value.
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