Low Interest Rates Aren't the Biggest Problem Facing Banks
The financial sector has been one of the slowest areas of the stock market to recover from the COVID-19 pandemic. While the S&P 500 is now up by 7% for the year, the financial sector is still down by about 18%. It's a common misconception that banks are performing poorly because low interest rates are hurting profitability. And while this certainly doesn't help, it isn't the primary reason bank stocks are still down, as Fool.com contributor Matt Frankel, CFP, explains to Motley Fool analyst Jason Moser in this short video.
Source Fool.com
