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Bank Stock Datapoint Of The Day

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by Felix Salmon
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Oct 10 2007 12:00am EDT

Bank Stock Datapoint of the Day

On Tuesday, shares in Goldman Sachs closed at a new record high of $239.20 per share. Goldman stock has risen by more than 50% from its August lows – a trajectory, says, Helen Thomas, "we’re more accustomed to seeing on a Shanghai listing".

These big moves over the course of a couple of months can be important – much more important than moves of a few dollars in the wake of an earnings write-down. If you really want to get a feel for the fortunes of a bank (or any company, really), look at how its share price has done over the past few months, not the past few days.

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