Stocks

JPMorgan, U.S. Bancorp Cited by Morningstar as Winners



Interest rates have soared this year, with the 10-year Treasury yield climbing 157 basis points to 3.08%.

Normally rising rates help bank stocks. 

That’s because the interest rates on loans that banks issue and bonds that they buy generally rise faster and by more than the interest rates that banks provide on deposits.

But that’s not benefiting banks this year, because investors are concerned about the possibility of recession.

A recession, of course, would hurt banks. Many experts see a strong possibility of a downturn in the next 12 to 24 months.





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