MILLBURN, N.J. ( Stockpickr) -- Is there anyone out there who likes financial stocks? Sure, there are the perma-financial-bulls paid to write up research on the financial sector who love to blab about it in the media. But the numbers tell a different story.The KBW Bank Index has declined 24% in the last year, and the SPDR Financial Select ETF ( XLF) has declined 19%. Many financial service companies are ensconced in the wide-ranging problems plaguing the global banking and brokerage sector. These problems include:
Valley National Bancorp
Visa and MasterCard
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