Bank Stocks Crater Below March Crisis Bottom, Hit 3 Year Low: Here's What Comes Next
"The forward NII/NIM guidance is still uncertain, given the persistent upward pressure on rates. This makes it increasingly hard to forecast deposit pricing."
Remember, the large banks are doing fine (and they're getting bigger). The small banks are the ones with big problems. #1? Record delinquency rates
pic.twitter.com/K8KdLV4mTS
The KBW Bank Index fell another 2% Friday, putting it on track for its lowest closing level in September 2020. This is a significant decline from the levels achieved earlier this year after regional bank collapses.