Hawaii Banks

Casey Harlow / HPR

Markets are closed today for New Year's Day. While 2020 was a positive year for major stock indexes in the U.S., not all companies did well. Financial stocks were hit hard compared to a year ago, and that pain was felt by shareholders of local banks.

AhmadArdity / Pixabay

Investors begin the New Year following a very strong stock market in 2019. For the year, the Dow Jones Industrial Average was up 22%, while the broader S&P 500 rose 29%. For investors in Hawaii’s biggest publicly-held companies, returns have been positive this year—but in many cases, not as high as the overall market.   

Joel Bradshaw / Wikimedia Commons / Public Domain

2019 has been a very strong year for the stock market. The Dow Jones Industrial Average is up more than 17%. And the broader S&P 500 is even higher — up more than 26% at Monday’s close. We’re taking a look at how some local publicly-held companies have done this year.

Daniel Ramirez / Flickr
Daniel Ramirez / Flickr

Hawai‘i’s banks made the news late this year because of some pay adjustments. The top five banks in the state are giving their employees bonuses of a thousand dollars or more—and boosting their minimum wages to at least 15 dollars an hour. But for shareholders, it’s a different story. HPR’s Bill Dorman has more on the year in Hawai‘i’s financial stocks.