Bank Stocks Are Still Under Pressure -- Here's the Latest
With the massive rise in interest rates over the past year putting pressure on bank balance sheets, shares of some sizable financial companies have suffered. Indeed, downward moves from State Street (NYSE: STT) and Charles Schwab (NYSE: SCHW) Monday morning show that there are still a host of concerns facing bank-stock investors right now. Shares of State Street were down 11% in early trading Monday morning.