3 Bank Stocks That Face Further Declines

October 1, 2018

Via: Yahoo

Banks stocks have been a significant disappointment so far in 2018 dropping by almost 2% as measured by the Invesco KBW Bank ETF ( KBWB)—a proxy for the KBW NASDAQ Bank Index. The poor performance comes against the backdrop of an S&P 500 which is up by almost 9% on the year. Stocks such as US Bancorp (USB) and Bank of New York Mellon Corp. (BK) have fallen by 9% and 12% from their highs, respectively. The KBW Bank Index is sitting on a technical level of support at 104.60.

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