Hindsight Market

The Graveyard › 2002

Golden State Bancorp

GSB · Banks · NYSE · in our data October 5, 1983 to November 6, 2002 (19.1 years)

The first trading day in our data for Golden State Bancorp is October 5, 1983 (its first day in our records, which may be later than its listing and is not its founding). At its peak, on May 23, 2002, the market valued it at $5.4 billion. By the end it had fallen hard: the last trade was $37.10, -82.4% from its split-adjusted high. Our data does not say why it stopped trading.

1983-102002-11
Peak market value$5.4 billionMay 23, 2002
Highest split-adjusted share price$211.00February 25, 1987
Last share price$37.10November 6, 2002
From its split-adjusted high to the end-82.4%
Return over the days in our data-56.1%with dividends, before the last trade
Worst single day-42.1%October 1, 1992

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 1983.

Could you have seen it coming? Play Dot-com

Also gone in 2002: Banks