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September 01, 2020 10:27am
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KBW downgrades bank sector on poor economic outlook, says other analysts will follow

Analysts have begun to lose faith in banks after their recommendations for 2018 fell flat. The industry has been hammered lately amid worries about the U.S. economy as the yield curve has flattened – with sections of the curve inverting this month – signalling diminished expectations for future growth.
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