الأربعاء, 27 حزيران/يونيو 2018 09:07

Banks are On Their Longest Losing Streak Ever

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(New York)

Bank shares have been getting brutalized. S&P 500 financial shares are down 12% since their peak in January, and have lost ground 12 says in a row, the longest run ever. JP Morgan’s share price is now below its 200 day moving average, a key technical level. The flattening yield curve has been weighing on the shares even as investors get ready for a flurry of dividends and buybacks from the sector. So far banks have avoided seeing declines in their net interest margins, but that can only last for a time.


FINSUM: Banks trade with the direction of the economy, and a flatter yield curve is both a predictor of recession and directly bad for bank earnings.

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