SecBot — Market Narratives

RUNNING Big Bank Capital Return Boom After Stress Test

STRENGTH 26

Big Bank Capital Return Rally Spreads to Laggard Regionals

The stress test victory lap has already lifted money-center bank stocks sharply, but a handful of regionals have barely budged. As the shareholder windfall narrative broadens beyond the mega-banks, these laggards could catch up with their peers.

LEADERS already moved

CITIGROUP INC

+31.1%5D -2.5%

Mega $238.7B WEAK QUANT

BAC

BANK OF AMERICA CORP /DE/

+21.3%5D -1.3%

Mega $404.4B WEAK QUANT

USB

US BANCORP \DE\

+21.0%5D +0.5%

Large $93.7B WEAK QUANT

JPM

JPMORGAN CHASE & CO

+15.9%5D -1.8%

Mega $877.1B WEAK QUANT

LAGGARDS room to catch up

KEY

KEYCORP /NEW/

+7.7%5D -0.3%

Large $25.0B GAP +13.4%

regional bank lagging the money-center rally despite same Fed stress test pass

Heavy lift — a large-cap that needs major capital to move.

FITB

FIFTH THIRD BANCORP

+7.5%5D +2.6%

Large $51.1B GAP +13.6%

Ohio-based regional with strong fundamentals but price has not yet caught the group move

Heavy lift — a large-cap that needs major capital to move.

REGIONS FINANCIAL CORP

+7.3%5D +2.4%

Large $25.8B GAP +13.8%

Southeast regional bank that has underperformed the banking group in Q2

Heavy lift — a large-cap that needs major capital to move.

HBAN

HUNTINGTON BANCSHARES INC /MD/

+4.1%5D +0.8%

Large $35.9B GAP +17.0%

Midwest regional showing insider buying and institutional accumulation but stock lagging

Heavy lift — a large-cap that needs major capital to move.