A report from Evercore indicates mutual funds reduced their exposure to bank equities during the second quarter.
Evercore has reported that mutual funds decreased their holdings in bank stocks during the second quarter. The firm did not provide specific figures or reasons for the reduction.
Further verified details about the scale or drivers of the shift were not immediately available.
Priya covers listed equities and corporate earnings, reading quarterly results and guidance for what they signal about sector health and forward valuations.
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