The crash in US regional bank stocks isn't over yet as the sector faces potential regulatory changes and risks stemming from the stress in the commercial-property market, according to Morgan Stanley's head of wealth management.
This, combined with profitability issues among regional banks, is driving Skelly and his team to be"still relatively cautious" on bank stocks, which they have been underweight on for some time. Regulatory clarity and potential banking-rule changes in the coming months are another factor to consider, according to Skelly.
España Últimas Noticias, España Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Morgan Stanley identifies 5 European stocks with downside risks ahead of earnings seasonThe Wall Street bank believes stock markets have priced in a potential 'over-earning' thanks to the 10% rally in the Stoxx Europe 600 index this year.
Leer más »
Stocks head for risky territory as earnings growth slows: Morgan StanleyStocks are headed into risky territory as the Fed keeps policy tight and earnings growth slows, Morgan Stanley's chief stock strategist says
Leer más »