Most believe there's a difference between regulatory red tape and enforcement of the kinds of misdeeds Wells Fargo engaged in, but the Fed's actions have still unsettled investors. Another reason the bank sell-off is notable: most analysts expected a lighter regulatory touch from Washington under the Trump administration. Shares are still in the black for the month, but barely. have plunged more than 11%, though that's in part due to the Federal Reserve sanctions announced February 2. Shares of Citigroup are down 6.6%, shares of Bank of America Corp.Īre down 5.4%, and shares of Wells Fargo & Co. In the month to date, the Financial Select Sector SPDR has tumbled 6.3%. Treasury note has gained about 40 basis points in the year to date - but bank stocks haven't been immune to the broader market sell-off. But rates have been on the rise for the past few weeks - the 10-year U.S. Banks need a bigger spread between the short-term rates they pay depositors and the long-term rates they collect from borrowers in order to make money, and that differential is more compressed when rates are low. As soon as investors rotate out of bonds, the outlook for banks would perk up, analysts believed. Command and Conquer Generals: Zero Hour Map Pack by BlackNapalm This pack contains: -Skirmish Maps (100+) -Campaign Maps (100+) -AOD Maps (20+) -Custom ZH.īond yields have hovered at rock-bottom levels for years since the financial crisis, helping keep a cap on bank earnings.
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