Shares of banking companies are trading lower amid overall market weakness. Weakness may be due to August's ISM Manufacturing PMI data indicating an economic contraction.
Portfolio Pulse from Benzinga Newsdesk
Banking stocks are experiencing a decline due to overall market weakness, influenced by August's ISM Manufacturing PMI data, which suggests an economic contraction.
September 03, 2024 | 6:41 pm
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NEGATIVE IMPACT
BBVA shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
BBVA, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in BBVA's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
BCS shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
BCS, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in BCS's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
LYG shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
LYG, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in LYG's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
NWG shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
NWG, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in NWG's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
SAN shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
SAN, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in SAN's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50
NEGATIVE IMPACT
VBFC shares are trading lower due to market weakness linked to economic contraction signals from the ISM Manufacturing PMI data.
VBFC, as a banking company, is affected by overall market trends. The ISM Manufacturing PMI data indicating economic contraction likely impacts investor sentiment negatively, leading to a decline in VBFC's stock price.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 50