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Equity Trading Desks May Spur a Vibe Shift on Bank Stocks

Bloomberg Markets Monday 12 October 2026, 10:39 UTC By Charles Riley 1 min read
Key Points

Equity Trading Desks May Spur a Vibe Shift on Bank Stocks A strong quarter for Wall Street could help bank stocks break free of the AI scare trade. This article is for subscribers only. US bank stocks have been battered in recent months by the AI “scare trade” — the idea that the widespread adoption of agents will undermine the customer inertia that helps lenders retain low-cost deposits.

Equity Trading Desks May Spur a Vibe Shift on Bank Stocks A strong quarter for Wall Street could help bank stocks break free of the AI scare trade. This article is for subscribers only. US bank stocks have been battered in recent months by the AI “scare trade” — the idea that the widespread adoption of agents will undermine the customer inertia that helps lenders retain low-cost deposits. Yet with the benchmark KBW Bank Index down roughly 13% since August, some analysts think the narrative is overdone. Wall Street is poised to deliver another strong quarter, and the stocks’ cheapness could be a win for investors. “We see this selloff as an attractive entry point,” said Morgan Stanley analyst Manan Gosalia.
US (LOCATION) KBW Bank (ORG) Morgan Stanley (ORG) Manan Gosalia (PERSON)
Originally published by Bloomberg Markets Read original →

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