Shares of banking companies are trading lower amid a possible selloff as the market pulls back from recent strength earlier this week.
Portfolio Pulse from Benzinga Newsdesk
Banking stocks are experiencing a downturn as the market retracts from its recent gains, leading to a potential selloff.
September 20, 2024 | 3:38 pm
News sentiment analysis
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NEGATIVE IMPACT
Auburn National Bancorporation shares are trading lower due to a broader market pullback affecting banking stocks.
AUBN is part of the banking sector, which is currently experiencing a selloff due to market retraction. This sector-wide impact is likely to affect AUBN negatively in the short term.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
CB Financial Services shares are declining amid a market pullback impacting banking stocks.
CBFV, being a banking stock, is affected by the current market pullback, leading to a potential selloff in the sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
First Capital shares are trading lower due to a market pullback affecting the banking sector.
FCAP is part of the banking sector, which is experiencing a downturn due to a market pullback, likely impacting its stock negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Old Point Financial shares are down amid a broader market pullback affecting banking stocks.
OPOF, as a banking stock, is impacted by the current market pullback, leading to a potential selloff in the sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Shinhan Financial Group shares are declining due to a market pullback impacting the banking sector.
SHG is part of the banking sector, which is experiencing a downturn due to a market pullback, likely affecting its stock negatively.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
NEGATIVE IMPACT
Village Bank and Trust Financial shares are trading lower amid a market pullback affecting banking stocks.
VBFC, being a banking stock, is affected by the current market pullback, leading to a potential selloff in the sector.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80