Everybody knows that banks have been under a world of hurt given the current ultra-low interest rate environment. Pull up a chart of any bank stock and the chart is the same; it starts at the upper left and ends at the lower right. The S&P 500 Bank Index looks the same, and from its high last year, it’s down 20%.
In today’s Chart of the Day sent to paid subscribers, we look at the performance of US Banks and how they compare to Banks in Europe in both absolute and relative terms. To view the report, please start a 14-day free trial below.