The recent rating actions and warnings of Moody’s and Fitch are leading to banking stocks sliding lately. While the industry shows signs of stability following the crisis caused by bank failures earlier this year, investors are concerned about the negative stance of the rating agencies.
Given this backdrop, it could be worth watching JPMorgan Chase & Co. (JPM), Bank of America Corporation (BAC), and Wells Fargo & Company (WFC), which are majorly owned by smart money.
