Shares of banking and financial services stocks are trading lower as stocks fall following a greater-than-expected increase in January inflation data.
Portfolio Pulse from Benzinga Newsdesk
Banking and financial services stocks, including ACRE, APAM, BANC, and others, are trading lower due to a greater-than-expected increase in January inflation data.
February 13, 2024 | 8:34 pm
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NEGATIVE IMPACT
ACRE's stock is trading lower following unexpected January inflation data.
As a company in the banking and financial services sector, ACRE is directly impacted by inflation data, which can influence interest rates and borrowing costs.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
APAM's stock is trading lower due to the market's reaction to higher-than-expected inflation data.
APAM, being part of the financial sector, is sensitive to inflation data as it affects economic outlook and investment valuations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BANC's stock price declines in response to the unexpected rise in inflation data for January.
BANC is affected by inflation data due to its implications on interest rates and the overall economic environment, impacting banking operations.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50