What’s down with banks? Stock prices for the industry have fallen much more than the overall stock market index. The KBW bank index has dropped about 20 percent (as this is being written) from the end of last year, though the S&P 500 is only down nine percent. Banks have been hit worse because of dashed expectations for a rising interest rate environment which experts—and even I—predicted would be a boon to bank earnings.
What’s down with banks? Stock prices for the industry have fallen much more than the overall stock market index. The KBW bank index has dropped about 20 percent (as this is being written) from the end of last year, though the S&P 500 is only down nine percent. Banks have been hit worse because of dashed expectations for a rising interest rate environment which experts—and even I—predicted would be a boon to bank earnings.
Share this Article
Comment on this Article
Recommended
Please to comment