Banks: Stuck in the middle

After some big stock-market gyrations, banks may be wondering whose company they’re keeping. Market leaders have captured all of the rise in the sector’s market cap since March 2020. Some underperformers have had a year to forget. The vast majority are stuck in the middle, their valuations essentially unchanged.

The top players in financial services made significant gains during the past  16 months, adding about $1.3 trillion in market capitalization.

To read the article, see “Capital markets’ message to financial institutions: Differentiate or perish,” September 28, 2021.