US Bank Stocks Post Worst Run Since Fear-Fueled 2023 Rout
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US bank stocks suffered their worst quarterly loss since the regional banking crisis two years ago on concern that President Donald Trump’s trade war will derail the economy.
The KBW Bank Index fell 3.9% in the first three months of the year, the worst quarterly stretch since March 2023. The six largest US banks stocks whipsawed on Monday to end the day modestly higher as the market endured another volatile session ahead of Trump’s April 2 tariff rollout.