Financials

Six Takeaways From Wednesday's Bank Stock Selloff: 3.7% CPI, 5.2% Yields and What to Watch Next
Financials

Six Takeaways From Wednesday's Bank Stock Selloff: 3.7% CPI, 5.2% Yields and What to Watch Next

Hot 3.7% CPI and 10-year yields above 5.2% pulled bank stocks lower on Wednesday. BofA fell 4.76%, State Street 4.14% and Carlyle 3.95%, while Morgan Stanley held flat after a beat. Six takeaways, plus what to watch next.