Bank stocks lurch into ranks of June’s worst as rally unravels - Business News: Latest News & Videos about market and economy | Trendmergers

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Bank stocks lurch into ranks of June’s worst as rally unravels

The selloff coincides with the plateauing of earnings estimates and a rotation into growth stocks from value. It didn’t help that leaders of the biggest banks started the week by warning about a slump in trading revenue. Without stronger lending and a boost from higher interest rates, earnings probably won’t pick up.

from Stocks-Markets-Economic Times
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