Bank Stocks Weak on 'Lower for Longer' Mantra Following Jobs (XLF) (KRE)

Banks stocks are lower in early trading Friday following weaker than expected jobs reports which continues the "lower for longer" mantra on rates.

Related Stocks and ETFs:

• Morgan Stanley (NYSE: MS) (-3.7%)
• Bank of America (NYSE: BAC) (-3.4%)
• Citigroup (NYSE: C) (-3.3%)
• Wells Fargo (NYSE: WFC) (-2.9%)
• Goldman Sachs (NYSE: GS) (-2.8%)
• Financial Sel Sect Spdr Fd (NYSE: XLF) (-2.2%)
• Spdr S&p Regional Banking Etf (NYSE: KRE) (-3.2%)

You May Also Be Interested In

• 10 analysts discuss Meta Platforms (META) stock after earnings selloff
• Marex Group (MRX) Prices 15.38M Share IPO at $19/sh
• Meta Platforms Inc. (META) PT Lowered to $500 at Goldman Sachs, 'Management Track Record of Execution Leaves Us Long-Term Constructive'