Hindsight Market

The Graveyard › 1996

Chemical Banking Corporation

CMB · Banks · NYSE · in our data January 2, 1968 to March 29, 1996 (28.2 years)

Our price history begins on January 2, 1968, and Chemical Banking Corporation was already trading then; how long before that, our data does not say. At its peak, on February 23, 1996, the market valued it at $13.5 billion. It left the market without a crash, last trading at $73.50. The delisting record says: delisted or deregistered. Many companies end this way when they are bought, merged or taken private.

1968-011996-03
Peak market value$13.5 billionFebruary 23, 1996
Highest split-adjusted share price$75.63February 23, 1996
Last share price$73.50March 29, 1996
From its split-adjusted high to the end-2.8%
Return over the days in our data+1767.4%with dividends, before the last trade
Worst single day-23.8%October 19, 1987

Share prices are adjusted for splits and other share changes, so the high and the last price compare like for like; the peak market value is as it was on the day. The return covers the trading days in our data only: it does not include what holders received, or lost, after the last trade (a merger payout, a bankruptcy), and it does not reach back before 1968.

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Also gone in 1996: Banks