U.S. bank stocks are still in crisis and have not recovered from the regional banking crisis.
Currently, Bank of America stocks are trading at all-time lows relative to the S&P 500.
According to Moody's, major US banks are suffering from $650 billion in unrealized losses.
At the same time, the looming commercial real estate (CRE) crisis has cast doubt on smaller banks.
Small banks currently hold about 70% of all CRE loans in the United States, of which $1.5 trillion will need to be refinanced by 2025.
This shows that economic recovery still needs time and the market economy is still in a downturn. Personally, I don’t believe the crisis is over.
