The uncertainty caused by the Italian election is hitting all markets.But in particular, bank stocks are getting cracked.
A quick look at some names today:
- Intesa Sanpaolo (huge Italian bank) -8%
- Banca Monte Dei Pachi (another big Italian bank) -6%
- Barclays -3.4%
- Deutsche Bank -1.9%
- Societe Generale (France) -4.5%
- Credit Agricole (France) -5.4%
And in case you missed it, during yesterday’s trading Morgan Stanley fell 6%.
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