November 3rd, 2008

Book Value Update: A Week of Stability

Posted at 1:00 AM ET

Over the past week, changes in the weighted average book value of the S&P 500 Insurance and Banks Indices have stabilized for companies in the broad financial services industry. According to Bloomberg data, the weighted average book value of the S&P 500 Banks Index remains down 34 percent year-over-year (as it was last week, reflecting the impairment of investment assets, particularly in September. The weighted book value of the S&P 500 Insurance Index has crept slightly lower, down close to 10 percent year-over-year compared to 9 percent last week.

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View last week’s update >>

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