Bank stocks lurch into ranks of June’s worst as rally unravels - Business News: Latest Share Market , Economy & Finance News | Trendmergers

Breaking

Post Top Ad

Post Top Ad

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
Read The Rest:economictimes...

Post Top Ad