The regional bank crisis seems to be far from over:
So far in 2024, the regional bank stock index is down roughly 13%.
Meanwhile, the banking sector as a whole is up ~3% as large banks are getting larger.
This comes as New York Community Bank stock, $NYCB, the bank that acquired the collapsed Signature Bank, is down 70% YTD.
Many small banks are still feeling the pain of the regional bank crisis.
Are more bank collapses coming?
https://x.com/KobeissiLetter/status/1775202810176418256?s=20
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