NASDAQ Bank Index

NASDAQ Bank Index

An index tracking several hundred banks and bank holding companies whose shares trade on NASDAQ.
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People's Utah Bancorp (PUB) upgraded to Buy from Hold at Sandler O'Neill with analyst Andrew Liesch saying the bank has consistently posted strong operating results since its IPO in 2015 but that the stock has declined 15% year-to-date and underperformed the Nasdaq Bank Index. 5.
According to Raymond James, the stock performance of Community Bankers Cup recipients has substantially outperformed the NASDAQ BANK Index as measured by one-year, three-year and five-year returns, suggesting that strong financial results lead to stock price outperformance over longer periods of time.
KBWB seeks to track the performance of the KBW Nasdaq Bank Index (BKX), a float-adjusted, modified market-cap weighted index that consists of 24 large publicly traded US national money centers, regional banks, and thrift institutions.
JPMorgan's shares are down about 2.5% this year (though they are up close to 2% Thursday) compared with an 8% decrease in the KBW Nasdaq Bank Index year to date.
And while the Nasdaq Bank Index had its worst monthly performance on record in January - a drop of 21.8 percent - Davidson's index of Western banks fared even worse, with a decline of 35.6 percent, according to the firm's February Banking Industry Update.
Over the period of January 1972 through December 2002, the average monthly "excess return"--the monthly percentage changes in stock prices less the rates on one-month T-bills--on the Nasdaq Bank Index (0.39 percent) was higher than for any other Nasdaq sectors: the composite, industrial, insurance, financial institutions, transportation, telecommunication, and utilities.
TOP-PERFORMING BLACK BANKS Shair Price Institution 12/29/00 12/26/03 Gain Broadway $3.81 $13.52 254.86% Citizens 5.50 13.00 136.36 Carver 9.75 25.75 164.10 Independence 8.68 23.20 167.28 Note: Over the same three-year period, the S&P 500 Index lost 17%, the NASDAQ Composite Index lost 20.1%, and the NASDAQ Bank Index gained 48.7%.
We outperformed the banking industry, however, with total returns in the first quarter of -4.72% for the KBW Regional Bank Index and -5.98% for the Nasdaq Bank Index."
The index family includes: KBW Nasdaq Bank Index (BKX); KBW Nasdaq Regional Banking Index (KRX); KBW Nasdaq Capital Markets Index (KSX); KBW Nasdaq Insurance Index (KIX); KBW Nasdaq Property & Casualty Index (KPX); KBW Nasdaq Premium Yield Eq.