Collateral Damage from the War Against the Virus

(1) COVID-19 ripple effects and plummeting oil prices slam Financials. (2) Life insurers hurt by low rates, falling investments, and fears of higher mortality. (3) Crash in oil hurts some regional banks. (4) Large banks’ stock buybacks on hold. (5) Companies hit hardest draw on revolvers. (6) Market correction makes investment banking business uncertain. (7) Travel industry needs a vacation. (8) Cruise lines, airlines, and hotels all visit the White House. (9) A deal with Uncle Sam may mean dilution for shareholders.