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The Financial Times: Bank stocks' problem isn't just rates

Important information - This article isn’t personal advice. If you’re not sure whether an investment is right for you please seek advice. If you choose to invest the value of your investment will rise and fall, so you could get back less than you put in.

Third-quarter earnings season starts in earnest next week, when the big banks start to report. Expectations for the group appear to be low and falling. In the past week, bank indices have underperformed the wider market by a couple percentage points, and certain banks' shares look downright sickly.

This article is more than 6 months old

It was correct at the time of publishing. Our views and any references to tax, investment, and pension rules may have changed since then.