Shares of a dozen S&P 500 banks are falling more than 10%, and half of them are down more than 20%

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Of the 12 constituent stocks of the S&P 500 SPX, all banks,
are down more than 10%, and five stocks are down more than 20%. The biggest decline is the shares of Bank FRC,
down 74.3%; Comerica Inc. cma,
a decrease of 45.7%; keycorp key,
loss of 34.6%; Zion Bancorp Zion,
31.6% off; and Fifth Third Bancorp FITB,
Giving 25.9%. Meanwhile, some of the largest-cap banks in the S&P 500 include Chase & Co. jpm shares,
Slipped 0.8%, Bank of America Corp. BAC,
sank 4.5% and Wells Fargo & Co. WFC,
dropped 6.6%. The selloff comes in the wake of SIVB’s recent failures with S&P 500 constituents SVB Financial Group,

Silicon Valley Bank and Signature Bank SBNY,
Whereas, the S&P 500 SPX,
was down 0.4%.

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