May 2

May 3

Larger Stocks

BNMX-30

Abnormal Return

Standard Error

Significance Level

0.0686

(0.0130)

0.001

0.0368

(0.0126)

0.004

IBMV

Abnormal Return

Standard Error

Significance Level

0.0861

(0.0156)

0.001

0.0543

(0.0151)

0.001

Smaller Stocks

BNMX-30

Abnormal Return

Standard Error

Significance Level

0.0257

(0.0131)

0.049

0.0288

(0.0126)

0.027

IBMV

Abnormal Return

Standard Error

Significance Level

0.0435

(0.0154)

0.005

0.0456

(0.0150)

0.003

All Bank Stocks

BNMX-30

Abnormal Return

Standard Error

Significance Level

0.0389

(0.0106)

0.001

0.0313

(0.0102)

0.003

IBMV

Abnormal Return

Standard Error

Significance Level

0.0566

(0.0136)

0.001

0.0482

(0.0132)

0.001