Report
Bank stocks slide further into correction as Citigroup tumbles
Bloomberg reports the KBW Bank Index fell as much as 2.4% on October 1, reaching its lowest intraday level since late May.
TLDR
Bloomberg reports that bank stocks sank further into correction as Citigroup tumbled on October 1. The KBW Bank Index fell as much as 2.4% in intraday trading, reaching its lowest level since late May, as investors assessed the impact of climbing Treasury yields on the economy and banks’ businesses.
Combined views
15.3K
1 Source, first seen 1h ago
4 likes2 comments2 saves1 reposts