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Industry: Email Alert RSS FeedTwo bankers snag stock contest honors.(briefing)(Brad Jones of SunTrust Bank)(Sang Hong of Bank of America)(Editorial)
ABA Banking Journal, May, 2007 by Streeter, Bill
It's almost always more fun to be an optimist, and sometimes it's fun to be a contrarian. When you combine the two and end up a winner, that's the most fun of all. California trust banker Sang Hong did just that, turning in the winning prediction for the close of the Dow Jones Industrial Average for 2006, in a contest sponsored by ABA and ABA Banking Journal.
Hong, vice-president and senior trust officer in the Private Bank of Bank of America, was one of 156 bankers to enter the long-running contest during last year's ABA Wealth Management and Trust Conference, held in March. She recalls that most of the people at her table seemed pessimistic, even though the Dow at that point was ahead by about 900 points. She decided to be the different one. As it turned out,...
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