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Business
Dipanjan Banchur

These Bank Stocks Could Be a Bad Bet for April

PNC MTB CMA Dipanjan BanchurSince United States Money Center Banks MT Bank Corporation Retail Banking

The failure of two banks last month, the biggest since the global financial crisis of 2008, caused an upheaval in the banking industry, causing a bank run. Billions of dollars of deposits were withdrawn from banks at a pace not seen since the aftermath of the 2008 global financial crisis.

Banking stocks currently face tighter credit standards and the flow of depositors’ money to money market funds. To that end, it could be wise to avoid investing in fundamentally weak bank stocks M&T Bank Corporation (MTB), The PNC Financial Services Group, Inc. (PNC), and Comerica Incorporated (CMA).

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