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Can Banks Recover in Q2 2018 on Earnings Expectations?

Can Banks Recover in Q2 2018 on Earnings Expectations?

Banks and the financial sector (XLF) continue to underperform the broader markets (SPY), mainly due to subdued returns on financial holdings on the back of market volatility and geopolitical tensions. Interest rate hikes going forward aren’t helping banks in their expansion of rate spreads but are putting pressure on their credit offtake.