Shares of banking and financial stocks are trading lower. The sector may be under pressure amid a push for increased capital requirements, though Fed Chair Powell said new rules would likely not impact smaller banks.
Portfolio Pulse from Benzinga Newsdesk
Banking and financial stocks are trading lower due to a potential push for increased capital requirements. Fed Chair Powell stated that new rules would likely not impact smaller banks.
June 22, 2023 | 7:44 pm
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NEGATIVE IMPACT
Fifth Third Bancorp (FITB) shares are trading lower amid potential increased capital requirements.
As a banking and financial stock, FITB is likely to be negatively impacted by the potential push for increased capital requirements, leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
Huntington Bancshares (HBAN) shares are trading lower amid potential increased capital requirements.
As a banking and financial stock, HBAN is likely to be negatively impacted by the potential push for increased capital requirements, leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
M&T Bank Corporation (MTB) shares are trading lower amid potential increased capital requirements.
As a banking and financial stock, MTB is likely to be negatively impacted by the potential push for increased capital requirements, leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
T. Rowe Price Group (TROW) shares are trading lower amid potential increased capital requirements.
As a financial stock, TROW is likely to be negatively impacted by the potential push for increased capital requirements, leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
U.S. Bancorp (USB) shares are trading lower amid potential increased capital requirements.
As a banking and financial stock, USB is likely to be negatively impacted by the potential push for increased capital requirements, leading to a short-term decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50