Diane Glossman
Diane Glossman
banks issues obviously variety
There's obviously been a variety of issues swirling around the banks and the big broker dealers, and this is yet one more straw.
absolutely bank concern concerns consider costs credit earnings economy fed health interest might perform rising simply stocks time top worry
You have to consider concerns about the economy and interest rates. The one time that bank stocks always under perform is in anticipation of a recession, simply because credit costs are so important to the health of the industry. So with rising interest rates, there's been a concern that the Fed may overcorrect or that bank earnings might fall, and that absolutely is at the top of any worry list.