Shares of banks and financial services stocks are trading lower amid overall market weakness. Treasury yields rose Monday following a bill to avert a government shutdown.
Portfolio Pulse from Benzinga Newsdesk
Shares of banks and financial services stocks are trading lower due to overall market weakness. This comes as Treasury yields rose following a bill to avert a government shutdown.
October 02, 2023 | 7:46 pm
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NEGATIVE IMPACT
Bank of America's stock is trading lower due to overall market weakness.
The overall market weakness is causing a decrease in the stock price of Bank of America. This is due to the rise in Treasury yields following a bill to avert a government shutdown.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100
NEGATIVE IMPACT
Wells Fargo's stock is trading lower due to overall market weakness.
The overall market weakness is causing a decrease in the stock price of Wells Fargo. This is due to the rise in Treasury yields following a bill to avert a government shutdown.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100