Shares of banking and financial stocks are trading lower amid overall market weakness with concerns about future rate hikes following yesterday's FOMC statement and lower-than-expected initial jobless claims data.
Portfolio Pulse from Benzinga Newsdesk
Banking and financial stocks are trading lower due to overall market weakness, concerns about future rate hikes following the recent FOMC statement, and lower-than-expected initial jobless claims data.

September 21, 2023 | 4:36 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Banco Bradesco's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a banking stock, BBD is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Banco de Chile's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a banking stock, BCH is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
BN's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, BN is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Carlyle Group's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, CG is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Hallmark Financial Services' stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, HALL is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
ICICI Bank's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a banking stock, IBN is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Itau Unibanco's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a banking stock, ITUB is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
KKR & Co's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, KKR is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
LPL Financial Holdings' stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, LPLA is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
MSCI's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, MSCI is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
Raymond James Financial's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, RJF is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
S&P Global's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, SPGI is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75
NEGATIVE IMPACT
XP Inc's stock is trading lower due to overall market weakness and concerns about future rate hikes.
As a financial stock, XP is directly affected by the overall market weakness and concerns about future rate hikes. This is likely to put downward pressure on the stock in the short term.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 75