econ

The bandaid has fallen off!

US Regional Bank Stocks 1 Month Into 2024: 

1. NY Community Bank, $NYCB: -60%

2. Valley National Bank, $VLY: -25%

3. Metropolitan Bank, $MCB: -15%

4. HarborOne, $HONE: -14%

5. Comerica Bank, $CMA: -13%

6. Zions Bank, $ZION: -12%

7. Western Alliance, $WAL: -11%

8. Citizens Financial, $CFG: -6%

9. KeyCorp, $KEY: -5%

Regional bank worries resurfaced as New York Community bank, which acquired the collapsed Signature Bank, cut their dividend by 70%.

These are the same banks that hold nearly 70% of commercial real estate loans.

Just 10 months ago, the regional bank crisis "ended."