Higher Rates Have Bank Stocks on the Mat

  • 📰 WSJ
  • ⏱ Reading Time:
  • 2 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 4%
  • Publisher: 63%

Nigeria News News

Nigeria Nigeria Latest News,Nigeria Nigeria Headlines

The KBW Nasdaq Bank Index is trailing the broader market by 37 percentage points this year

Oct. 9, 2023 5:30 am ETKeyCorp shares have dropped 9.6% since Silicon Valley Bank was taken over by regulators in March.Rising interest rates helped spark a regional-banking crisis earlier this year. The turmoil has eased, but bank stocks are still in the doldrums.

Continue reading your article with
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in NG

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines