Fed's Powell Says Regional Bank Business Model Under Pressure, Fed Doesn't Want To Add To That; Fed Strongly Thinks Smaller Banks Are Very Important
Portfolio Pulse from Benzinga Newsdesk
Federal Reserve Chairman Jerome Powell stated that the business model of regional banks is under pressure and the Fed does not want to add to that. He emphasized that smaller banks are very important.
October 19, 2023 | 5:01 pm
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NEGATIVE IMPACT
The ETF KBE, which tracks regional banking sector, could be affected by the pressures on the business model of regional banks.
KBE ETF tracks the regional banking sector. If the business model of these banks is under pressure, it could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF KRE, which tracks regional banking sector, could be affected by the pressures on the business model of regional banks.
KRE ETF tracks the regional banking sector. If the business model of these banks is under pressure, it could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
The ETF XLF, which tracks the financial sector, could be affected by the pressures on the business model of regional banks.
XLF ETF tracks the financial sector. If the business model of regional banks is under pressure, it could negatively impact the performance of the ETF.
CONFIDENCE 85
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
The ETF SPY, which tracks the S&P 500, may see minimal impact as it is diversified across many sectors.
SPY ETF is diversified across many sectors. Therefore, pressures on the business model of regional banks may have minimal impact on its performance.
CONFIDENCE 90
IMPORTANCE 40
RELEVANCE 30