Monday, September 21, 2009

4 Financials Constitute Majority of NYSE August Volume

Bank of America
CitiGroup
Freddie Mac
Fannie Mae

Daily Finance
Yahoo Finance

Ryan Vlastelica - Tue Aug 25 2009 - Reuters:

Citigroup (C.N), Bank of America (BAC.N), Freddie Mac FRE.N and Fannie Mae FNM.N have dominated trading recently as each has more than doubled in price from 2009 lows.

On Monday and on Tuesday morning, the four accounted for more than 40 percent of composite volume on the NYSE. Some attributed this to bets on hoped-for economic improvement and ongoing government support, but others said the volume was due to speculation in popular names with low share prices.

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