The month of May has been difficult, with Europe again creating uncertainty and planting doubt into market participants' minds, and the financial sector has taken the biggest hit from the issues in Europe and the general market weakness.
Financial companies have immediate risks tethered to European bonds, and lending and growth in general directly impact their businesses. True, there have been specific issues -- for example, the trading loss at JPMorgan Chase (JPM) and the disappointing Facebook (FB) IPO for Morgan Stanley (MS) -- that have not helped matters....311 more words left in this article. To read them, just click below and try Real Money FREE for 14 days.
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