You Can't Control Bank Volatility, But You Can Control What You Do About It
The banking industry has just come through a significant period of volatility, spurred on by the failures of three major banks in March and April. While those bank failures were due primarily to issues related specifically to those banks, brought on by difficult market conditions, they had a much broader effect on bank stocks.
As a result, bank stocks, as measured by the KBW Bank Index, are down about 18% year to date. That's in contrast to the S 500, which is up about 15%.
The good news is that bank stocks have bounced off those post-crisis lows, as the KBW Bank Index is up about 11% over the past month. However, some bank stocks are still struggling, and a potential economic slowdown or recession could lead to more volatility. volatility in the banking industry is not something you can control, but you can control what you do about it. Here are a couple of recommendations.
Source Fool.com
