Updated from 10:07 a.m. EDT
According to Jim Cramer, the bottom in financial stocks occurred on July 15. Is he right?
Take a look at the following bank stocks:
- Bank of America (BAC) - Get Bank of America Corp Report: On July 15, it closed at $18.52. On Aug. 13, it closed at $28.86. That's a 55.8% increase.
- Citigroup (C) - Get Citigroup Inc. Report: July 15: $14.56. Aug. 13: $17.81. 22% increase.
- Wachovia (WB) - Get Weibo Corp. Report: July 15: $9.08. Aug. 13: $14.81. 63% increase.
- Washington Mutual (WM) - Get Waste Management, Inc. Report: July 15: $3.61. Aug. 13: $4.12. 14% increase.
- Wells Fargo (WFC) - Get Wells Fargo & Company Report: July 15: $20.51. Aug. 13: $29.29. 42.8% increase.
- U.S. Bancorp (USB) - Get U.S. Bancorp Report: July 15: $22.70. Aug. 13: $30.04. 32% increase.
At Stockpickr.com, we've reviewed the past month of Cramer's
"Mad Money" episodes and "Stop Trading!" segments to find out what Cramer's been saying about the financials and specifically bank stocks lately -- including his "Fortress Four": Wells Fargo,
, Bank of America and U.S. Bancorp.
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