Shares of banking companies are trading lower amid overall market weakness following worse-than-expected February PPI data.
Portfolio Pulse from Benzinga Newsdesk
Banking sector stocks are down due to overall market weakness triggered by disappointing February PPI data.
March 14, 2024 | 7:50 pm
News sentiment analysis
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NEGATIVE IMPACT
CFG shares are trading lower due to market weakness following poor February PPI data.
CFG, as part of the banking sector, is directly impacted by the overall market sentiment, which has turned negative following worse-than-expected PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
FFWM's stock price is negatively affected by the broader market downturn due to disappointing PPI data.
FFWM is experiencing a decline in its stock price as the banking sector reacts to the overall market weakness caused by the February PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
GBCI shares decline amid market weakness following disappointing February PPI data.
GBCI is affected by the downturn in the banking sector, which is a result of the overall market weakness triggered by the poor PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HBAN's stock price is down due to the negative market sentiment following worse-than-expected PPI data.
HBAN is experiencing a decrease in stock price as part of the banking sector's reaction to the overall market weakness caused by the February PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
HDB shares are trading lower in response to the overall market downturn following disappointing PPI data.
HDB, being part of the banking sector, is negatively impacted by the market's negative reaction to the worse-than-expected PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
KEY's stock price declines amid overall market weakness due to disappointing February PPI data.
KEY is affected by the downturn in the banking sector, which is a result of the overall market weakness triggered by the poor PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
NWG shares decline in response to the broader market downturn following disappointing PPI data.
NWG is experiencing a decline in its stock price as the banking sector reacts to the overall market weakness caused by the February PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
PNC's stock price is negatively affected by the market weakness following worse-than-expected February PPI data.
PNC is affected by the downturn in the banking sector, which is a result of the overall market weakness triggered by the disappointing PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
TFC shares are trading lower due to the overall market downturn following disappointing PPI data.
TFC, as part of the banking sector, is directly impacted by the overall market sentiment, which has turned negative following worse-than-expected PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
USB's stock price is down due to the negative market sentiment following worse-than-expected PPI data.
USB is experiencing a decrease in stock price as part of the banking sector's reaction to the overall market weakness caused by the February PPI data.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80