FYI: The S&P Regional Banks have gotten battered once again today, down 3.01%. But that is purely a continuation of what has been a rough Fall. The index has fallen 16.58% from its high back in early June and has fallen 7.05% since the start of October. The stocks in the index are down an average of 8.31% MTD. As shown below, the chart for regional banks has completely rolled over.
Of all 126 regional banks included in the index, only 6 have managed to see any gains MTD. Two of these, Independent Bank Corp (INDB) and Eagle Bancorp (EGBN), have not even edged out a full percentage point gain. OFG Bancorp (OFG) is an anomaly managing to rise 13.09% on the month (and 89% on the year). But again, these are outliers and not the norm for the industry.
Regards,
Ted
https://www.bespokepremium.com/think-big-blog/bank-of-the-ozarks-leads-regional-banks-down/M* Snapshot KRE:
https://www.morningstar.com/etfs/ARCX/KRE/quote.html
