Financial Stocks Down on Rate Calculus - Financials Roundup
February 05 2016 - 4:41PM
Dow Jones News
Banks, lenders and money-manager stocks fell after the weak
January jobs reports caused traders to further push back
expectations for the next rate hike. Banks are among the few
winners on the stock market in the immediate aftermath of rate
increases as they profit from lending money at higher rates. HSBC
Holdings agreed to pay $470 million to settle federal and state
allegations of abusive practices in its U.S. mortgage business.
-By Rob Curran, rob.curran@dowjones.com
(END) Dow Jones Newswires
February 05, 2016 16:26 ET (21:26 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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