Geopolitics Alpha

National Bank revises 2026 real GDP forecast downward

Published . Updated .

GEOPOLITICS ALPHANational Bank revises 2026 realGDP forecast downwardGEOPOLITICS ALPHA

This report is about banks.

Directly affected

  • No company is named in this report.

Indirectly affected

  • XLF Financial Select Sector SPDR-3.8% 30d

    Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story.

  • KRE SPDR S&P Regional Banking ETF-4.5% 30d

    SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story.

  • BAC Bank of America-12.5% 30d

    Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.

  • JPM JPMorgan Chase-2.8% 30d

    JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.

  • WFC Wells Fargo-3.6% 30d

    Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.

  • C Citigroup-6.4% 30d

    Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story.

Price reaction, T-5 to T+3

TickerT-5T-3T-1T0T+1T+2T+3
XLF-1.81%-1.85%baseafter closeafter closeafter closeafter close
KRE-0.58%-0.42%baseafter closeafter closeafter closeafter close
BAC-1.15%-0.92%baseafter closeafter closeafter closeafter close
JPM-3.51%-2.27%baseafter closeafter closeafter closeafter close
WFC-2.86%-2.52%baseafter closeafter closeafter closeafter close
C-4.05%-2.45%baseafter closeafter closeafter closeafter close

Closing-price change versus T-1, the last close before the story. T0 to T+3 fill in after each market close. Prices: Alpaca IEX.

Market Call

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National Bank revises 2026 real GDP forecast downward Ukrinform

Source: Ukrinform

Select Sector Spdr Tr (XLF) since “National Bank revises 2026 real GDP forecast downward,” compared with the market

CompanyWhenMoveStatus
Bank Of America (BAC)three days earlier-0.92%final price
Bank Of America (BAC)five days earlier-1.15%final price
Citigroup (C)three days earlier-2.45%final price
Citigroup (C)five days earlier-4.05%final price
Jpmorgan Chase (JPM)three days earlier-2.27%final price
Jpmorgan Chase (JPM)five days earlier-3.51%final price
Spdr Series Trust (KRE)three days earlier-0.42%final price
Spdr Series Trust (KRE)five days earlier-0.58%final price
Wells Fargo (WFC)three days earlier-2.52%final price
Wells Fargo (WFC)five days earlier-2.86%final price
Select Sector Spdr Tr (XLF)three days earlier-1.85%final price
Select Sector Spdr Tr (XLF)five days earlier-1.81%final price

Congressional trades in the stocks in this story

Public disclosure filings, not a recommendation. The filing link is the source document. News use of these reports still sits under 5 U.S.C. § 13107(c).

Who is named in “National Bank revises 2026 real GDP forecast downward”

Companies carried with this story

  • XLF Select Sector Spdr Tr

    Select Sector Spdr Tr (XLF) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “National Bank revises 2026 real GDP forecast downward.” Reason on file: Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story

  • KRE Spdr Series Trust

    In “National Bank revises 2026 real GDP forecast downward,” Spdr Series Trust (KRE) is linked, with no stored direction, medium confidence. Reason on file: SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story

  • BAC Bank Of America

    Bank Of America (BAC) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “National Bank revises 2026 real GDP forecast downward.” Reason on file: Bank of America (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • JPM Jpmorgan Chase

    Jpmorgan Chase (JPM) is linked, with no stored direction, medium confidence in the 30 Oct 2026 story “National Bank revises 2026 real GDP forecast downward.” Reason on file: JPMorgan Chase (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • WFC Wells Fargo

    In “National Bank revises 2026 real GDP forecast downward,” Wells Fargo (WFC) is linked, with no stored direction, medium confidence. Reason on file: Wells Fargo (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

  • C Citigroup

    For “National Bank revises 2026 real GDP forecast downward,” Citigroup (C) is linked, with no stored direction, medium confidence. Reason on file: Citigroup (national commercial banks): banks' earnings move with lending, deposits and rates. Linked by “bank” (banks) in this story

How “National Bank revises 2026 real GDP forecast downward” reaches Select Sector Spdr Tr (XLF)

The 30 Oct 2026 story “National Bank revises 2026 real GDP forecast downward” names Select Sector Spdr Tr (XLF) because of this story.

Select Sector Spdr Tr (XLF) is on the page because Financial Select Sector SPDR: it holds banks. Linked by “bank” (banks) in this story

Also listed, Spdr Series Trust (KRE): SPDR S&P Regional Banking ETF: it holds banks. Linked by “bank” (banks) in this story

Dates and price levels for Select Sector Spdr Tr (XLF)

BAC traded between 49.26 and 54.92 across 20 sessions. The latest close on file is 50.88. KRE traded between 67.80 and 71.93 across 20 sessions. The latest close on file is 70.61. XLF traded between 52.82 and 56.03 across 20 sessions. The latest close on file is 55.07.

How strong the case is around Select Sector Spdr Tr (XLF)

54 out of 100

“National Bank revises 2026 real GDP forecast downward” scores 54 out of 100. The score uses 2 sources, and 6 linked companies.