March Sadness: Banks Lost More Than $300 Billion In Market Cap This Month

  • 📰 Forbes
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 53%

France Nouvelles Nouvelles

France Dernières Nouvelles,France Actualités

Banks accounted for 11 of the 12 worst performers on the S&P 500 this month.

March was a ferocious month for U.S. bank stocks, wiping out hundreds of billions in the grouping’s market value as several institutions failed and others faltered, though some experts say the most painful days for the bleeding sector have already come and gone.This month, bank stocks navigated the failures of Silicon Valley Bank and Signature Bank and severe struggles from other regional banks; financials were by far the S&P’s worst-performing sector in March, shedding 10.6% as of 10 a.m.

The market value of the 10 largest banks sank from $1.59 trillion on March 1 to $1.34 trillion on March 31, a stark 15% decline.

Nous avons résumé cette actualité afin que vous puissiez la lire rapidement. Si l'actualité vous intéresse, vous pouvez lire le texte intégral ici. Lire la suite:

 /  🏆 394. in FR
 

Merci pour votre commentaire. Votre commentaire sera publié après examen.

France Dernières Nouvelles, France Actualités

Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.

‘Triangle of Sadness’ Production Company Faces Liquidation Following Insolvency Hearing (EXCLUSIVE)Oscar nominated-pic “Triangle of Sadness” gives viewers a glimpse into the lives of the super-rich but one of the companies behind the film appears to be less fortunate when it comes to…
La source: Variety - 🏆 108. / 63 Lire la suite »

Here are the 20 best performing stocks of March — and the 20 worstInvestors have been moving money back into technology stocks and other sectors, while leaning away from financials. Interesting! It looks like March was a volatile month for the stock market. Interesting! What did the top performers have in common? Looks like the stock market is playing a game of 'hot potato' this month!
La source: MarketWatch - 🏆 3. / 97 Lire la suite »

Italy PM's party presents bill to split retail and investment banksItalian Prime Minister Giorgia Meloni's party has presented a bill in parliament to separate retail and investment banks in a move that, if approved, would force a radical overhaul of the country's banking sector. Go on... That’s actually a little sensible given what’s going on. Excellente nouvelle, le Glass- Steafal act n’aurait jamais dû être aboli aux USA, et madame Melloni prend une excellente décision
La source: Reuters - 🏆 2. / 97 Lire la suite »