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Today's Outrage: Bank Rank Is Secret?

The Obama administration can stop worrying about whether investors will be spooked by its bank report card. The "secret" is already out -- just look at the share prices.
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Word is that the Obama administration is worried about

disclosing its health report on the nation's biggest banks.

Like that's such a big secret. How many billions have been poured into




Bank of America



Goldman Sachs



Morgan Stanley


, etc, etc, etc?

The concern, apparently is that investors may bail on the banks that get a bad report.

Like that hasn't happened already? Citigroup trades at $4 and less than a year ago it was worth $27 a share. Bank of America shares are fetching $10 compared with a high of $41 for the past 52 weeks.

Meanwhile, other banking shares are holding onto more value.

Wells Fargo


is above $18 compared with a high of $45 in the past year. Goldman Sachsis only at about half its 52-week high at $115.

JPMorgan Chase


is a bit above the halfway mark, trading at $30 vs a peak of $51 in the past 52 weeks.

So investor's have clearly already ranked the banks.

As the banks report earnings - we've already seen net profits from Wells Fargo and Goldman Sachs - investors will get a pretty clear picture of which banks aren't healthy. And it's pretty easy to dissect recent performance to predict how the banks will stack up against each other in the top-secret Obama health report card.'s ace banking analyst Philip van Doorn did the legwork with his own version of the "stress test" being applied by the Obama administration. For those who want to get a pretty good idea of what the Obama stress test will reveal, here are Phil's analysis pieces:

'Stress Test' Preview: U.S. Bank Problem List.

Undercapitalized Banks and Thrifts.

Regulatory Capital Categories for Banks and S&Ls.

So Obama can stop worrying about whether investors will be spooked by his report card on banks.

The secret's already out.

Hall is the editor of

. Previously, he served as deputy editor and chief innovation officer at

The Orange County Register

and as a news manager at

Bloomberg News

in Frankfurt, Amsterdam and Washington, D.C. As a reporter, he covered business and financial markets, worked in both print and television in the U.S. and Europe, and conducted in-depth investigative coverage at

The Journal-Gazette

in Fort Wayne, Ind. His work also has been published in a variety of newspapers including

The Wall Street Journal


The New York Times


International Herald Tribune

. Hall received a bachelor�s degree in journalism and political science from The Ohio State University and has taken graduate management science courses at Boston University.