The KBW Nasdaq Bank Index is on track for its fourth-worst month on record
Charley GrantBank stocks are reeling again in the wake of this month’s turmoil. They face a long road to win back investors.
The abrupt collapses of Silicon Valley Bank and Signature Bank sparked contagion fears in the sector, helping to pull the KBW Nasdaq Bank Index down 25% in March through Wednesday. That is on track to mark the fourth-worst month on record dating to 1992, according to Dow Jones Market Data.
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