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 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 Report: July 15: $14.56. Aug. 13: $17.81. 22% increase.
- Wachovia (WB) - Get Report: July 15: $9.08. Aug. 13: $14.81. 63% increase.
- Washington Mutual (WM) - Get Report: July 15: $3.61. Aug. 13: $4.12. 14% increase.
- Wells Fargo (WFC) - Get Report: July 15: $20.51. Aug. 13: $29.29. 42.8% increase.
- U.S. Bancorp (USB) - Get 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.
Get your daily dose of Jim Cramer and all the stocks in his head. Sign up for the free Daily Booyah! newsletter by clicking here.
Stockpickr is a wholly owned subsidiary of TheStreet.com.