Best and Worst ETFs of Tuesday's Trading Session

11:44am, Wednesday, 16'th Aug 2023
Wall Street took a beating in the Aug 15 trading session as a result of fresh concerns over the banking sector and a weakening Chinese economy.
Investors turn bearish on JPMorgan (JPM), Bank of America (BAC), Comerica (CMA), Western Alliance (WAL) & KeyCorp (KEY) as banks brace for another ratings downgrade, this time from the Fitch.
Credit rating agency Fitch said Wall Street banks, including JPMorgan, face potential downgrades if the industry's operating environment continues to deteriorate.
Fitch is warning it may cut the ratings on dozens of banks, according to CNBC. Fitch cut its assessment on banks in June, but it was largely missed.
U.S. banks stocks are trending down this morning after Fitch Ratings warned that it may have to downgrade a bunch of them, including JPMorgan Chase & Co (NYSE: JPM). Fitch could go to A+ on U.S.

2 Bank Stocks Tumbling After Fitch Sounds Alarm

10:03am, Tuesday, 15'th Aug 2023
Investors are eyeing the bank sector today, after CNBC last night reported that another downgrade from Fitch Ratings may be in the works.
Fitch Ratings in June cut its "operating environment" score for the US banking sector. Fitch analyst Chris Wolfe told CNBC that another downgrade would mean banking giants like JPMorgan face reevaluat
Fitch Ratings warned that U.S. banks have inched closer to sweeping rating downgrades on dozens of lenders, including JPMorgan Chase and Bank of America.
High interest rates, loan growth, strategic acquisitions, business diversification efforts, strong liquidity position and initiatives to expand in new markets will aid JPMorgan's (JPM) profitability.
Goldman Sachs Group Inc. CEO David Solomon's management style has been drawing criticism from within the company as the bank's stock price has lagged its peers, according to a New York Times report.
While a slump in U.S. bank performance is expected to continue for the balance of the year, at least one key metric for banks isn't seen as getting any worse, analysts at Fitch Ratings said in a resea
The recommendations of Wall Street analysts are often relied on by investors when deciding whether to buy, sell, or hold a stock. Media reports about these brokerage-firm-employed (or sell-side) analy
Banks like Wells Fargo (WFC), BNP Paribas (BNPQY) and Moelis & Company (MC) face fines totaling $549 million from regulators for failure to maintain proper communication records. This follows similar
August started with a whimper, as the recent stock rally receded. After hitting an end-of-July $457 high, the SPDR S&P 500 ETF (NYSEARCA: SPY ) pared back its gains and fell about 2% with plenty of in
A federal judge has dismissed a shareholder lawsuit accusing JPMorgan Chase Chief Executive Jamie Dimon and his board of directors of ignoring red flags surrounding disgraced former client Jeffrey Eps
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