Historically, the shift in bets from private to public sector banks has been a valuation play. But over the last few years, public sector banks have seen a structural change in their financial health, with a significant improvement in asset quality, strong credit growth, robust balance sheets, and all-time high profits.
Citi downgrades US stocks to ‘neutral’ as AI sell-off, regulatory risks mount
Citigroup strategists have downgraded US equities to neutral due to ongoing market volatility and regulatory concerns. This decision follows a significant sell-off that erased $3
November 9, 2026