🚨Has the “Bankpocalypse” begun? America’s biggest bank stocks are taking a beating, with reported declines from their highs ranging from 11% to 25%. • JPMorgan: -11% • Bank of America: -19% • Citigroup: -15% • Wells Fargo: -18.5% • Goldman Sachs: -24% • Morgan Stanley: -19% • U.S. Bancorp: -15% • Capital One: -25% • PNC Financial: -16% • BNY Mellon: -14% The KBW Nasdaq Bank Index, tracking 24 U.S. banking stocks, was recently reported down roughly 14% from its August peak, firmly in CORRECTION territory. Goldman Sachs and Capital One’s reported declines exceed the 20% bear-market threshold. Banks weakening while the broader market remains near highs deserves attention.