Banks With Highest Uninsured Deposit Balances

Company	Symbol	Uninsured deposits / domestic deposits (higher is riskier)	Loans and held-to-maturity securities / total deposits (higher is riskier)	YTD % change
Bank of New York Mellon	BK	96.5%	31.2%	-0.1%
SVB Financial Group	SIVB	93.9%	94.4%	-53.9%
State Street	STT	91.2%	40.1%	-1.8%
Signature	SBNY	89.7%	93.3%	-39.2%
Northern Trust	NTRS	83.1%	54.5%	-3.1%
Citigroup	C	77.0%	64.6%	4.3%
HSBC Holdings	HSBA	72.5%	47.4%	11.9%
First Republic Bank	FRC	67.7%	110.6%	-69.1%
East West Bancorp	EWBC	65.9%	91.1%	-13.9%
Comerica	CMA	62.5%	72.8%	-36.6%

Sources: S&P Global Market Intelligence

Silicon Valley Bank collapses after failing to raise capital

Regional banks are feeling the heat today after SVB Financial's (SIVB) liquidity crunch led to the bank's collapse.

Charts:

• day's change (asc)
• market cap

(charts Fri March 10, 23)

Banking stocks continued to sell off after SVB Financial's (SIVB) liquidity crunch led to the bank's collapse. Regulators Friday shut down the parent company of Silicon Valley Bank after a run on what had been the bank of choice for tech venture capitalists. Deposits dwindled as rising interest rates dried up deals and clients burned through more cash.

SVB's collapse is the second largest FDIC-insured bank to fail after Washington Mutual's collapse in 2008, according to Dow Jones Market Data. SVB had $212 billion in assets; Washington Mutual had $307 billion, or $420 billion adjusted for inflation.

Bank stocks look to escape U.S. financial-crisis legacy

U.S. bank stocks are finally poised to put a legacy of the 2008 financial crisis behind them. The KBW Bank Index on Wednesday came within 1.1% of breaking a record set in February 2007, before a housing-market collapse touched off the crisis, according to data compiled by Bloomberg. The industry gauge has risen 22.5% in February, which would be its biggest-ever monthly gain, and has more than doubled since falling to an almost seven-year low in March. To be sure, banks are among the past 14 years’ worst performers in the S&P 500 Index, which rose 169% through Wednesday from its level at the KBW index’s peak.

U.S. bank, housing stock divide looks short-lived to BofA

Record-setting gains for shares of U.S. homebuilders are at odds with weakness in bank stocks, according to Michael Hartnett, Bank of America Corp.’s chief global investment strategist. Hartnett compared S&P 500 indexes for the builders and lenders in a report Friday. The housing index climbed 38% for the year through Friday and ended last week at a record, according to data compiled by Bloomberg. The bank index, by contrast, fell 33%. Based on the groups’ historical tendency to move in tandem, Hartnett wrote this about the outlook: “Either housing buckles or banks play catch-up.”

Finance, energy trail S&P 500 tech weight more than 2000

Financial and energy stocks, once dominant within the S&P 500 Index, are taking even more of a back seat to technology shares than they did as a bull market ended 20 years ago. The two industry groups together have trailed the weight of the S&P 500 Technology Index by as much as 17 percentage points this month, according to data compiled by Bloomberg. That’s less than a point away from a low in March 2000 -- a figure that isn’t adjusted for a September 2018 index shift, which lifted the ratio by 5.1 points in just one day. Bespoke Investment Group LLC highlighted the comparison in a blog post Monday.

Apple, Microsoft are taking on S&P 500 financials' weight

Apple Inc. and Microsoft Corp. count almost as much in the S&P 500 Index as all its banks, insurers and other financial companies combined. The makers of iPhones and Windows software amounted to 12.6% of the S&P 500’s value as of Thursday, according to data compiled by Bloomberg. Their weight approached the 12.9% for the 66 companies in the S&P 500 Financials Index plus Visa Inc., Mastercard Inc. and PayPal Holdings Inc., classified as technology stocks. The comparison was made by Jonathan Krinsky, chief market technician at Bay Crest Partners LLC, in a note Thursday.

How low can U.S. banks go versus tech?

Favoring U.S. bank stocks over the shares of technology companies “just does not make sense” based on relative performance, according to David Keller, chief strategist at Sierra Alpha Research LLC. Keller drew the conclusion Thursday in a Twitter post that cited the ratio between the Financial Select Sector SPDR exchange-traded fund and its technology counterpart. The ratio fell as much as 17% after setting a record low on March 12, according to data compiled by Bloomberg. The previous low was recorded in March 2000, about 15 months after the ETFs began trading.

U.S. bank stocks approach turning point relative to tech

Shares of U.S. banks have become so weak by comparison with technology stocks that a turning point is coming soon, Jonathan Krinsky, chief market technician at Bay Crest Partners LLC, wrote in a report Wednesday. He cited the ratio between the KBW Bank Index and the Nasdaq-100 Index, which closed at record lows the past two days. Wednesday’s ratio was 39% below the average for the past 200 trading days, according to data compiled by Bloomberg. The historically large gap shows “we are in the ballpark” for a swing toward banks, Krinsky wrote.

Crisis-era weakness among U.S. bank stocks is back again

U.S. banks are worse off than they were after the 2008 financial crisis, judging by their stock performance. The ratio between the KBW Bank Index and the S&P 500 Index fell Monday to its lowest level since at least 1992, according to data compiled by Bloomberg. The previous record was set on March 6, 2009, at the end of a bear market tied to the crisis. “Banks are now our biggest concern,” Jonathan Krinsky, chief market technician at Bay Crest Partners LLC, wrote Friday in a report that cited the ratio.

Higher dividends make U.S. banks look like utility stocks

Banks emerged as an alternative to utilities for income-seeking stock investors even before the largest U.S. lenders passed the Federal Reserve’s stress tests. The projected dividend yield on the KBW Bank Index surpassed the yield on the Dow Jones Utility Average a week ago for the first time since February 2009, according to data compiled by Bloomberg. The milestone was reached three days before the release of the test results, which led 13 of the 24 companies in KBW’s index to raise dividends or say they will consider doing so. “Move over, utilities,” Mike Mayo, a Wells Fargo & Co. bank analyst, wrote in a note.

Will U.S. bond yields climb? Not if stocks are any guide

Some of the most interest-rate-sensitive U.S. stocks are signaling that bond yields won’t move up any time soon, according to Renaissance Macro Research LLC. The firm cited a chart created by Michael Guttag, a managing director, in a Twitter post Tuesday. Guttag compared a ratio of bank and utility stocks within the S&P 1500 Composite Index -- consisting of all the shares in the S&P 500, MidCap 400 and SmallCap 600 indexes -- with the yield on 10-year Treasury notes. The ratio peaked in March of last year and then dropped 28 percent through Tuesday. “We’re not banking on higher yields,” Renaissance wrote.

Time for financial stocks to be leaders for a change

Financial stocks are poised to become market leaders once bond yields rise, according to Tobias Levkovich, Citigroup Inc.’s chief U.S. equity strategist. They haven’t been in that position since the 2008 financial crisis, as reflected in the ratio between the S&P 500 Financial Index and the S&P 500. Levkovich cited the indicator in a report Friday, in which he wrote that yields are the key because they are “so crucial for bank stocks.”

5 years later (Nov 2022)

Sector SPDR ETFs - Financials (XLF) (12/16)

                                          

Dec 09, 2019:  SunTrust (STI) bank merger completed with BB&T (BBT), creating Truist (TFC), based in Charlotte, North Carolina.

63 ETFs (as of 12/16)

• by ave vol:  http://finviz.com/screener.ashx?v=211&t=BRK-B,JPM,WFC,BAC,C,GS,USB,AIG,CB,MS,MET,AXP,PNC,BK,BLK,SCHW,PRU,COF,CME,BBT,MMC,ICE,TRV,AON,SPGI,SYF,AFL,DFS,STT,ALL,STI,MTB,FITB,PGR,KEY,NTRS,TROW,HIG,CFG,AMP,RF,MCO,WLTW,PFG,LNC,HBAN,BEN,L,IVZ,CMA,CINF,UNM,XL,ETFC,AJG,ZION,TMK,AMG,NDAQ,LUK,PBCT,AIZ,NAVI&ta=0&o=-averagevolume