Shares of banking and financial services stocks are trading lower after a Fitch analyst said Fitch could downgrade additional lenders.
Portfolio Pulse from Benzinga Newsdesk
Banking and financial services stocks are trading lower following a statement from a Fitch analyst that additional lenders could be downgraded.
August 15, 2023 | 2:04 pm
News sentiment analysis
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NEGATIVE IMPACT
Bank of America's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Bank of America is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Citigroup's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Citigroup is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Comerica's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Comerica is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Capital One's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Capital One is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Goldman Sachs' stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Goldman Sachs is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
JPMorgan Chase's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, JPMorgan Chase is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
KeyCorp's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, KeyCorp is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Morgan Stanley's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Morgan Stanley is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
U.S. Bancorp's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, U.S. Bancorp is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Wells Fargo is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100
NEGATIVE IMPACT
Zions Bancorporation's stock is likely to be negatively impacted by the potential downgrade from Fitch.
As a major lender, Zions Bancorporation is directly affected by the potential downgrade from Fitch. This could lead to a decrease in investor confidence and a drop in stock price.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100