Home World Business Bank Stocks Already Had a Wild 2020. Then November Got Even Crazier.

Bank Stocks Already Had a Wild 2020. Then November Got Even Crazier.


On the first Friday night in November, bank investor Ben Mackovak sat outside his Cleveland home smoking a cigar, contemplating the ruin in his portfolio.

It had been a brutal year and he’d just taken another beating. The day after the U.S. election, the Nasdaq Bank Index he uses as a benchmark suffered its worst underperformance against the S&P 500 since 1987. Mr. Mackovak no longer saw a path to the higher interest rates that banks need to make more money in the coming years.

“It…



Source by [author_name]

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Must Read

Argentina’s newspapers mourn the death of icon Diego Maradona

Argentina’s newspapers and media outlets were united in their tributes to Diego Maradona this morning after the football icon’s sudden and tragic death...

Woman left in hysterics after buying jumpsuit from ASOS only to find it barely covers her chest

Woman left in hysterics after buying jumpsuit from ASOS only to...

Physics: ‘Ghost particles’ emitted by the SUN shed light on how massive stars shine 

Elusive 'ghost particles' produced deep within the Sun have been detected for the first time, helping to shed light on the reactions that...

Britain’s only 24-hour nursery open EVERY day of the year launches next month 

The UK's only 24-hour nursery - open every day of the year including Christmas Day and New Year's Day - will be launched...

Ford starts for England against Wales

George Ford was on the bench for England against Ireland after recovering from an Achilles injuryVenue: Parc y Scarlets, Llanelli Date: Saturday, 28...
Translate »