Thursday, February 4, 2016

Those Beleaguered Financial Stocks

We've gotten accustomed to the energy sector dragging down the market, but in this year's sell-off, it's the financials that have looked especially bad. Altogether, the S&P 500 Financials sector is currently down 13.2 percent this year. The worst performer in the group, Legg Mason, is down 28.8 percent on the year.

Of the sector's 90 component stocks, only nine have a positive return on the year. On the other side of the ledger, this year's losers include:
  • Charles Schwab, down 27.3 percent
  • E*Trade, down 24.7 percent
  • Morgan Stanley, down 24.4 percent
  • Bank of America, down 24.1 percent
  • Citigroup, down 24.0 percent

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