By Pam Martens and Russ Martens: October 23, 2023 ~ As the chart above indicates, Friday was not a good day to own regional bank stocks. The percentage declines are just for the one day of trading on Friday — not the year-to-date percentage losses. After the bank runs this past spring at regional banks brought on the second, third and fourth largest bank failures in U.S. history, things had quieted down in recent months. Then, along came earnings announcements last week, showing renewed struggles among the regional banks. One of the big losers for the week was Zions Bancorp. Its shares plunged 9.7 percent on Thursday and another 7.07 percent on Friday. The bank posted poor year-over-year comparisons on net interest income as it experienced rising expenses to compete for deposits. Another plunging bank stock on Friday was Regions Financial. The bank is facing continuing pressure on its net interest income. … Continue reading Regional Bank Stocks Plunge on Friday; More Pain Ahead as 10-Year Treasury Note Trades at a 5 Percent Yield This Morning