It's been an awful year for the American banking sector. Even prior to the novel coronavirus, financials had been underperforming. Investors have wanted growth stocks. And bank earnings haven't been doing much of that; the Fed's low interest rate policy has curtailed profit growth and thus sent investors fleeing. Bank of America (NYSE:BAC) stock hasn't been spared.Source: 4kclips / Shutterstock.com Then the coronavirus hit and added a new angle to the problems. Now the banks have both a...
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