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Monday
Sep172012

Wall Street Up 20% Since the Occupy Movement Began

The group calling themselves "Occupy Wall Street" is marking its one-year anniversary today with another round of protests in downtown Manhattan.  So how has Wall Street done since Occupy Wall Street began one year ago?  As shown below, the S&P 500 is up 20%, while the S&P 500 Financial sector is up 25%.

Drilling down to the individual firms, below is a chart showing the one-year change of the six largest US banks and brokers.  As shown, all six are up, with Wells Fargo (WFC) leading the way at +43.79%.  Bank of America (BAC) ranks second with a gain of 29.19%, followed by JP Morgan (+23%), Citigroup (+18.17%) and Goldman Sachs (+11.77%).  Morgan Stanley (MS) has done the worst with a gain of 8.97%.  The intentions of OWS are a bit scattered, but if it was to cripple Wall Street, it hasn't worked out yet.