Magazine : Archives : 1st Quarter 2019

Market Intelligence

The Road Ahead Bank stocks declined in 2018 after starting out strong at the beginning of the year, thanks to investor enthusiasm over the reduction in the corporate tax rate included in the Tax Cut and Jobs Act of 2017. Fred Cannon at Keefe Bruyette & Woods, explains what some of the factors were and offers a forecast for bank stocks in 2019. He spoke in early December with Jack Milligan, editor in chief of Bank Director magazine. The KBW Nasdaq Bank Index declined over the course of 2018. What were the driving factors?The January drop was a little bit...