Bank Stock Roundup: Pause On Rule Easing, Business Expansion, C, JPM, WFC In Focus
Zacks Investment Research | Nov 15, 2018 08:22PM ET
Over the last five trading days, performance of bank stocks reflected a pessimistic stance as broader markets witnessed negative investor sentiments over a number of issues. Some of these matters have direct bearings on banks’ financial performance.
Maxine Waters, who will be taking over as chair of the House Financial Services Committee in January 2019, said that easing of banking regulations will come to a stop. At a Congressional hearing, Waters said, “Make no mistake, come January, in this committee the days of this committee weakening regulations and putting our economy once again at risk of another financial crisis will come to an end.”
Notably, following the financial crisis, the banking industry faced stringent regulations, which have been gradually easing since early this year following the passage of the Crapo Act. The Federal Reserve has been planning to further relax rules for major banks. So, the comments related to stopping of further easing of banking regulations hurt investor sentiments and dragged Financial Select Sector SPDR Zacks Investment Research
Get The News You Want
Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.