KEY FACTSBanking turmoil was behind much of the market’s less fortunate spots; investors in First Republic, Signature and Silicon Valley Bank saw their investments turn to dust earlier this year after they became three of the four largest American banks to ever fail, with each subsequently losing their spots on the S&P 500. Still, 19 of the S&P’s 50 worst performers year-to-date are financial services stocks, including slumping but still alive regional banks KeyCorp (down 45%) and Zions (down 43%), the second and third-worst performers on the S&P, respectively.

Source: Forbes July 04, 2023 12:47 UTC