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Stock impact report

U.S. bank stock gains may stall after two-year rally [Reuters]

Stifel Financial Corporation (SF) 
Last stifel financial corporation earnings: 7/30 06:00 am Check Earnings Report
US:NYSE Investor Relations: stifel.com/investor-relations
Company Research Source: Reuters
U.S. bank stock gains may stall after two-year rally | Reuters 5 Min Read (Reuters) - After two years of sharp gains for U.S. bank stocks, investors betting on another big boost for 2018 may be disappointed unless loan growth accelerates or regulations slacken considerably. The S&P 500 bank sector index .SPXBK beat first quarter earnings estimates by 3.1 percent, and Wall Street’s 2018 earnings growth consensus for the sector climbed to 32.2 percent in early May from 28.4 percent on April 1, according to Thomson Reuters data. But strength in trading revenue, net interest margins and lower tax rates from legislation passed by the U.S. Congress in December, was not enough to offset investor disappointment over the growth rate in bank lending. Despite better-than-expected profits, the S&P 500 bank index traded sideways in the first few weeks of earnings season, which was kicked off by JPMorgan Chase on April 13. As the broader market gained in early May, the sector enjoyed a five-day ral Show less Read more
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