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Singapore markets closed
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    +24.75 (+0.76%)
     
  • Nikkei

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  • Hang Seng

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  • FTSE 100

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  • CMC Crypto 200

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  • S&P 500

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    +8.60 (+0.16%)
     
  • Dow

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    +125.08 (+0.32%)
     
  • Nasdaq

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    -5.40 (-0.03%)
     
  • Gold

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  • Crude Oil

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  • Jakarta Composite Index

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  • PSE Index

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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.