Financial Services Update
Valuation tables for large cap stocks in the Money Center Bank and Brokerage Sectors

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December 2003

NOTE: Please confirm through your own research any numbers on which you are to make a buy, sell or hold decision. The Price-to-Book calculations treats Preferred Stock as a debt and not an equity - thus those calculations will vary from most other published numbers. EPS and ratings stats have not been updated since November - and will be updated when the January Update is done at the end of the month.


Money Center Banks for 12-31-03


Money Center Banks News

Monthly Sector Summary     During the month of December, the year-to-date sector price gains rose from 31.52% to 38.43%. Sector midyear-to-date 03 EPS estimates were not updated.

Brokers for 12-31-03


Broker News

Monthly Sector Summary     During the month of November, the year-to-date sector price gains rose from 47.43% to 57.31%. Sector midyear-to-date 03 EPS estimates were not updated.


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