How sentiments have changed for banks

Morgan Stanley removed banking stocks from its model portfolio when it slashed its weighting on the sector by 500 basis points. Several foreign brokerages, such as UBS, JP Morgan, and Credit Suisse, of late, have also become less optimistic about…

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Insurance Broker Stocks Move Higher on Upbeat Earnings

Insurance brokers defied a sea of red across financial stocks Thursday after better-than-expected quarterly earnings from Marsh & McLennan Companies, Inc. (MMC) and Willis Towers Watson Public Limited Company (WLTW) eased growing concerns about what impact the coronavirus pandemic will…

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Asian Shares Decline Amid Virus Worries

Asian stocks ended broadly lower on Friday after analysts warned the global economy will take much longer to recover from the coronavirus pandemic. Coronavirus has infected more than 2.7 million people around the world, with the death toll passing 190,000…

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