Canadian Banks Wanting US Growth: No Dearth off OpportunityPowell & the Fed may have sought to solve a serious 9% inflation challenge, some of it their own doing (I remember "transitory') by exploding interest rates. Cause a looming recession forcing mass layoffs. Tried and true method for corporate managers to solve problems on the backs of their employees.
But your soutions can engender other problems, unforseen and perhaps ought to be foreseen. Like a slice of ketchup-rich pizza, the regionals have flown off the plate and hit them smack in the face. Heartburn. And we are not out of the woods yet.
Hardest Hit Bank Stocks
Among the SPDR S&P Bank ETF
| Company | Ticker | Week % ch. | Year-to-date % ch. |
| PacWest Bancorp | (PACW) | -42.06% | -72.0% |
| Western Alliance Bancorporation | (WAL) | -21.63 | -50.4 |
| WesBanco | (WSBC) | -16.41 | -40.4 |
| Valley National Bancorp | (VLY) | -14.92 | -35.5 |
| Zions Bancorporation | (ZION) | -14.13 | -53.9 |
| First Horizon | (FHN) | -13.85 | -38.6 |
| Independent Bank | (IBTX) | -13.45 | -47.2 |
| Comerica | (CMA) | -12.41 | -46.8 |
| Hope Bancorp | (HOPE) | -11.89 | -37.5 |
| BankUnited | (BKU) | -11.86 | -44.0 |
| CVB Financial | (CVBF) | -11.84 | -49.1 |
| East West Bancorp | (EWBC) | -11.72 | -31.7 |