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Higher Rates Have Bank Stocks on the Mat

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The KBW Nasdaq Bank Index is trailing the broader market by 37 percentage points this year

Oct. 9, 2023 5:30 am ETKeyCorp shares have dropped 9.6% since Silicon Valley Bank was taken over by regulators in March.Rising interest rates helped spark a regional-banking crisis earlier this year. The turmoil has eased, but bank stocks are still in the doldrums.

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