Since the beginning of the 2011 new year, USB stock price has been going down each day, but most other Bank's stock prices have been going up, including the overall Bank stock index. This is against the grain. What gives?? What does the street know that the average investor doesn't know?? Can someone put an explanation spin on this??
My only thought is since B of A settle their mortgage liability to FNMA/FHLMC and others such as WFC and JPM may have similar exposure where USB did not. That was holding back banks with mortgage liability exposure.
Sure a big divergence of say USB and WFC prices since Monday and that's the only public news I have heard.