Lumen Technologies Inc. Not the best of the S&P 500 losers this year.
Seven of the eight worst-performing names in the index so far in 2023 are beaten bank stocks, including SVB Financial Group SIVB and Signature Bank SBNY, whose respective banks have collapsed and been taken over by the government. SVB and Signature shares remain halted and are expected to boot from the S&P 500 SPX later today.
Look…