(Bloomberg) — Some analysts are starting to see value in the beaten-down banking sector, with JPMorgan Chase & Co., Regions Financial Corp. and Fifth Third Bancorp attracting upgrades early Monday. But that wasn’t enough to stop the bleeding in share prices, as the KBW Bank Index extended recent losses in morning trading.The index dropped for a seventh day, declining as much as 1.3%, while JPMorgan shed as much as 1%.The index has sunk 20% so far this year, compared with an 8.1% decline in the S&P 500, as big banks have been hit particularly hard by concern the new coronavirus …read more
Source:: Yahoo Finance
