... The stocks of 12 components, all banks, of the S&P 500 SPX are down more than 10%, and five stocks are down more than 20%. The biggest decliners are shares of First Republic Bank FRC , down 74.3%; Comerica Inc. CMA , shedding 45.7%; KeyCorp KEY , losing 34.6%; Zions Bancorp ZION , off 31.6%; and Fifth Third Bancorp FITB , giving up 25.9%.
Meanwhile, among some of the S&P 500’s larger capitalization banks, shares of J.P. Morgan Chase & Co. JPM slid 0.8%, Bank of America Corp. BAC sank 4.5% and Wells Fargo & Co. WFC dropped 6.6%. The selloff comes in the wake of recent failures of S&P 500 components SVB Financial Group’s SIVB Silicon Valley Bank and Signature Bank SBNY . Meanwhile, the S&P 500 SPX was down 0.4%.
More than a dozen.🙃
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