Headwinds Seen in Banking Sector
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Price: $120.16 -1.51%
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
Rating Summary:
0 Buy, 0 Hold, 0 Sell
Rating Trend: = Flat
Today's Overall Ratings:
Up: 0 | Down: 0 | New: 0
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Dow Jones U.S. Financial Sector EFT (NYSE: IYF) is posting a solid gain of over one percent in early trading on Tuesday.
The gains come despite analysts at BofA slash earnings estimates on JPMorgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C).
Analysts at BofA, lead by Guy Moszkowski, see headwinds out of Europe, regulatory issues at JPMorgan and others, and potential Moody's downgrades as being drags on stocks in the sector.
The gains come despite analysts at BofA slash earnings estimates on JPMorgan (NYSE: JPM), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Citigroup (NYSE: C).
Analysts at BofA, lead by Guy Moszkowski, see headwinds out of Europe, regulatory issues at JPMorgan and others, and potential Moody's downgrades as being drags on stocks in the sector.
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