Banks Among Worst Performers
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Price: $21.76 +0.42%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.4%
Revenue Growth %: +7.1%
Overall Analyst Rating:
SELL (= Flat)
Dividend Yield: 4.4%
Revenue Growth %: +7.1%
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Bank stocks, which are among the most beaten up groups this year, were pressured Thursday morning amid softness in broader markets. Decliners included the usual suspects Bank of America (NYSE: BAC) and Citigroup (NYSE: C), with weakness also hitting Morgan Stanley (NYSE: MS), KeyCorp (NYSE: KEY), Wells Fargo (NYSE: WFC), JPMorgan (NYSE: JPM) and Goldman Sachs (NYSE: GS).
KBW Nasdaq Bank Index declined 1.4%, underperforming the S&P 500 which declined 0.4%.
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