How banks have fared since Lehman's implosion

September 16, 2009 | By Jim Kim

It's been a long hard road for financial services firms in the wake of the Lehman Brothers implosion. Morningstar provides some perspective on how the industry has fared since then.

Two banks have held up well: Goldman Sachs' stock is up about 35 percent and JPMorgan's stock is up about 20 percent. For other banks, it's been much harder. Citigroup is down about 70 percent. Bank of America is down about 35 percent. Morgan Stanley and Wells Fargo are down about 10 percent.

Going forward, it's still very hard to conclude that a bottom has been reached. Most people assume as much, but there are some thorny issues outstanding, notably consumer credit and commercial real estate. Toxic assets remain an issue. The threat of outright failure has at least been reduced.

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