🔍 Has the “Bankpocalypse” begun?

America’s biggest bank stocks are taking a beating, with reported declines from their highs ranging from 11% to 25%.

• JPMorgan: -11%
• Bank of America: -19%
• Citigroup: -15%
• Wells Fargo: -18.5%
• Goldman Sachs: -24%
• Morgan Stanley: -19%
• U.S. Bancorp: -15%
• Capital One: -25%
• PNC Financial: -16%
• BNY Mellon: -14%

The KBW Nasdaq Bank Index, tracking 24 U.S. banking stocks, was recently reported down roughly 14% from its August peak, firmly in CORRECTION territory.

Goldman Sachs and Capital One’s reported declines exceed the 20% bear-market threshold.

Banks weakening while the broader market remains near highs deserves attention.