Bank sell-off is more about valuation than earnings performances
unknown📝 Article Content
Bank stocks slid lower in Wednesday's session after Wells Fargo (WFC), Citigroup (C), Bank of America (BAC), and JPMorgan Chase (JPM) reported their latest earnings results this week. Morgan Stanley (MS) and Goldman Sachs (GS) also tick lower ahead of their earnings releases due out on Thursday. S&P Global Market Intelligence director of financial institutions research Nathan Stovall addresses the valuation concerns tied to the banking sector that may be dragging the financial sector down despite generally strong results. To watch more expert insights and analysis on the latest market action, check out more Market Domination.
📄 Summary
Bank stocks slid lower in Wednesday's session after Wells Fargo (WFC), Citigroup (C), Bank of America (BAC), and JPMorgan Chase (JPM) reported their latest earnings results this week. Morgan Stanley (MS) and Goldman Sachs (GS) also tick lower ahead of their earnings releases due out on Thursday. S&P Global Market Intelligence director of financial institutions research Nathan Stovall addresses the valuation concerns tied to the banking sector that may be dragging the financial sector down despite generally strong results. To watch more expert insights and analysis on the latest market action, check out more Market Domination.