The S&P 500 is down again on Thursday following the release of unexpectedly hawkish Fed minutes from Wednesday. One sector, however, understandably demonstrated a strong initial surge following the news: big banks.
But with the next potential rate hike still about a month away, what can shareholders of Bank of America Corp (NYSE: BAC), Citigroup Inc (NYSE: C), JPMorgan Chase & Co. (NYSE: JPM), Wells Fargo & Co (NYSE: WFC) and other financials expect in the weeks ahead?
For starters, bank investors ...
/www.benzinga.com/etfs/sector-etfs/16/05/8008085/how-do-financials-typically-trade-ahead-of-fed-rate-hikes alt=How Do Financials Typically Trade Ahead Of Fed Rate Hikes?>Full story available on Benzinga.com
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