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  • ALL ORDS

    7,749.10
    -149.80 (-1.89%)
     
  • ASX 200

    7,497.40
    -144.70 (-1.89%)
     
  • AUD/USD

    0.6371
    -0.0055 (-0.86%)
     
  • OIL

    85.56
    +2.83 (+3.42%)
     
  • GOLD

    2,420.10
    +22.10 (+0.92%)
     
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    -2,185.24 (-2.26%)
     
  • CMC Crypto 200

    1,249.00
    +363.46 (+38.34%)
     
  • AUD/EUR

    0.5996
    -0.0034 (-0.57%)
     
  • AUD/NZD

    1.0872
    -0.0003 (-0.02%)
     
  • NZX 50

    11,754.18
    -81.86 (-0.69%)
     
  • NASDAQ

    17,394.31
    -99.31 (-0.57%)
     
  • FTSE

    7,877.05
    +29.06 (+0.37%)
     
  • Dow Jones

    37,775.38
    +22.07 (+0.06%)
     
  • DAX

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    +67.38 (+0.38%)
     
  • Hang Seng

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  • NIKKEI 225

    36,765.02
    -1,314.68 (-3.45%)
     

Why Did Banks Rise despite the Lower Outlook?

Why Did Banks Rise despite the Lower Outlook?

Top US banks lowered their NII guidance due to the lower interest rate environment. Bank stocks closed higher despite the guidance cut.