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-0.000106496272630512 -0.00159744408945693 1.06496272633993E-06 0.00212992545260919 -0.0013844515441959 -0.00783599574014907 -0.0144270500532482 -0.0291789137380192
Stock impact report

Should I Buy Bank Stocks During the Coronavirus Crash? [The Motley Fool]

JP Morgan Chase & Co. (JPM) 
Last jp morgan chase & co. earnings: 4/14 06:43 am Check Earnings Report
Company Research Source: The Motley Fool
The U.S. economy has been largely shut down as a result of the COVID-9 pandemic, and the stock market has taken a beating. Even after rebounding significantly from the March lows, the 00One of the worst performing sectors in the market has been the financials, down by 7%. AndallJPMorgan Chase(NYSE:JPMBank of AmericaNYSE:BACWells FargoNYSE:WFCCitigroupNYSE:CImage source: Getty Images.Why have bank stocks fared so poorly?To be clear, there are some good reasons for the poor performance in bank stocks.For one thing, interest rates have plunged to record low levels. The benchmark 0-year Treasury yield is just above 0.6% as I write this, down from nearly % at the beginning of the year. Mortgage rates are at historic lows, and other lending rates have fallen as well.Most banks make the bulk of their revenue by lending money to consumers and businesses and collecting interest. If interest rates plunge, profits tend to drop as well.Second, and more significantly, the U.S. is in a recession an Show less Read more
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