A Decade After Lehman Collapse, Investors Still Shun Bank Stocks
- It’s the only S&P 500 industry that hasn’t fully recovered
- Mutual funds join hedge funds in trimming financial shares
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Time may heal all wounds. But the decade since the collapse of Lehman Brothers Holdings Inc. hasn’t been long enough to restore investors’ faith in banks.
While this week marks the 10-year anniversary of the Lehman bankruptcy, an event seen widely as a catalyst for the global financial crisis, data on stock prices and fund positioning suggests the aversion to the banking industry hasn’t gone away.