Bank Stock Roundup: U.S-China Trade Talks Progress, Citi & JPMorgan In Focus
Zacks Investment Research | Mar 15, 2019 07:53AM ET
Over the last five trading sessions, performance of bank stocks was bullish. A number of factors like continued progress in U.S.-China trade talks, and more clarity on Brexit-related matters cheered bank investors.
The optimistic stance was further supported by the U.S. economic data that showed no signs of slowdown in the near term. As banks’ financial health depends on the economy, this boosted investor sentiments, leading bank stocks to rally.
Regarding company-specific news, efforts to expand operations into newer areas and improve market shares in profitable businesses continued in the past five trading days. Additionally, management’s confidence of achieving set targets for this year attributed to the positive market sentiments.
(Read: Zacks Investment Research
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