calculate banks return

Assignment Investment Banking ASB-3512/2512 Did the US COVID-19 Lockdown Affect Financial Institutions? You work for an investment bank and it has been assigned you the task to study the effect of the Covid-19 lockdown in United Kingdom on financial institutions. Specifically, you want to investigate whether the lockdown announcement has affected financial institutions' abnormal returns. To this aim you apply an event study methodology. Your boss has prepared a list of tasks: 1) Decide a sample of suitable banks that you think might explain the effect of lockdown on financial institutions. (Hint: i.e. Top investment banks!!) (10 points) 2) Download share price data for the selected banks but pay attention to choose a proper time window. You do not want to be neither too far away from the date the event happened nor to close. (Hint: you may take even longer period!) (5 points) 3) Calculate banks' return. (10 points) 4) Calculate the expected returns. (15 points) 5) Calculate the abnormal returns. (10 points) 6) Calculate the cumulative abnormal returns over different time windows. (15 points) 7) Explain clearly what you find both written and graphical. Your aim here is to present a report on the results you find to your boss. So writing style, clarity in the explanation matters for final success. (25 points) Assignment Investment Banking ASB-3512/2512 Did the US COVID-19 Lockdown Affect Financial Institutions? You work for an investment bank and it has been assigned you the task to study the effect of the Covid-19 lockdown in United Kingdom on financial institutions. Specifically, you want to investigate whether the lockdown announcement has affected financial institutions' abnormal returns. To this aim you apply an event study methodology. Your boss has prepared a list of tasks: 1) Decide a sample of suitable banks that you think might explain the effect of lockdown on financial institutions. (Hint: i.e. Top investment banks!!) (10 points) 2) Download share price data for the selected banks but pay attention to choose a proper time window. You do not want to be neither too far away from the date the event happened nor to close. (Hint: you may take even longer period!) (5 points) 3) Calculate banks' return. (10 points) 4) Calculate the expected returns. (15 points) 5) Calculate the abnormal returns. (10 points) 6) Calculate the cumulative abnormal returns over different time windows. (15 points) 7) Explain clearly what you find both written and graphical. Your aim here is to present a report on the results you find to your boss. So writing style, clarity in the explanation matters for final success. (25 points)