Shares of companies in the broader financial services sector are trading lower following mixed band earnings.
Portfolio Pulse from Benzinga Newsdesk
Shares of companies in the financial services sector are down after mixed bank earnings were reported.
April 12, 2024 | 5:58 pm
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NEGATIVE IMPACT
Franklin Resources, Inc. shares are likely impacted by the broader financial sector's downturn due to mixed bank earnings.
As a part of the financial services sector, Franklin Resources, Inc. is likely to experience stock price volatility following mixed bank earnings reports, affecting investor sentiment.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
The Blackstone Group's shares are trading lower, influenced by the mixed earnings reports from the banking sector.
Given its significant role in the financial services sector, The Blackstone Group is affected by the mixed earnings reports from banks, leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
KKR & Co. Inc. sees its shares decline in response to the mixed earnings results from the banking sector.
As mixed bank earnings reports emerge, KKR & Co. Inc., being a major player in the financial services industry, faces negative pressure on its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
New York Community Bancorp's shares are negatively impacted by the mixed earnings reports from the banking sector.
As a bank itself, New York Community Bancorp is directly impacted by the mixed earnings reports from the sector, leading to a decrease in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEGATIVE IMPACT
B. Riley Financial, Inc. experiences a downturn in its stock price following mixed earnings reports from the banking sector.
B. Riley Financial, Inc., as part of the financial services sector, is affected by the mixed earnings reports from banks, which has led to a decline in its stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70