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Bank stocks reportedly fall 15% to 30% from highs while major indexes hold up
A post says the KBW Nasdaq Bank Index has fallen roughly 13% from its August peak.
TLDR
A post claims bank stocks across the U.S., Europe and Asia have fallen 15% to 30% from recent highs even as major stock indexes trade near records. It cites $326.7 billion in unrealized securities losses at U.S. banks and compares the divergence with bank-stock weakness before the 2000, 2008 and 2020 crashes. The author warns that if the selloff continues and credit conditions worsen, pressure could spread to lending, spending and the broader market.
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