Investors have been down on U.S. bank stocks lately. First-quarter earnings from lenders are unlikely to cheer them up. Their share prices have underperformed since the start of the year on rising economic pessimism, the inversion of the yield curve and concerns that the Federal Reserve may be done with its rate increases. The expectation that both short-term and long-term rates are headed higher had provided a tailwind to banks for years. Some investors even fear the Fed will be forced before long to start cutting rates,...

Source: Wall Street Journal April 10, 2019 14:48 UTC