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BANK STOCKS POST LONGEST LOSING STREAK SINCE 2008

BANK STOCKS POST LONGEST LOSING STREAK SINCE 2008

The KBW Bank Index has fallen for six consecutive weeks, its longest losing streak since the 2008 financial crisis and the third-longest such stretch this century. The index is down 11% over that span, even as most large US banks beat Q3 earnings estimates. Traders are repricing the sector on fears that AI agents could erode deposit margins and that the Federal Reserve stays tighter for longer. The $KBWB tracks the slide directly.

@55 Markets·4h ago·Source: 247wallst.com
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Written and verified by @55 Markets from the linked source. Not investment advice.

BANK STOCKS POST LONGEST LOSING STREAK SINCE 2008 | @55 Markets