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US Banking Sector Shaken: Moody's Drops Credit Ratings Of 10 Banks, Sounds Alarm For More Downgrades - Invesco KBW Bank ETF (NASDAQ:KBWB), Bank OZK (NASDAQ:OZK), Old National (NASDAQ:ONB), Citigroup (NYSE:C), Western Alliance (NYSE:WAL), PNC Finl Servs Gr (NYSE:PNC), Citizens Financial Group (NYSE:CFG), Huntington Bancshares (NASDAQ:HBAN), JPMorgan Chase (NYSE:JPM), Bank of New York Mellon (NYSE:BK), Cullen/Frost Bankers (NYSE:CFR), Truist Finl (NYSE:TFC), Fifth Third Bancorp (NASDAQ:FITB), State Street (NYSE:STT), Wells Fargo (NYSE:WFC), Comerica (NYSE:CMA), Capital One Finl (NYSE:COF), Northern Trust (NASDAQ:NTRS), Bank of America (NYSE:BAC), U.S. Bancorp (NYSE:USB), Ally Financial (NYSE:ALLY), Morgan Stanley (NYSE:MS), Webster Finl (NYSE:WBS), Goldman Sachs Gr (NYSE:GS), Pinnacle Finl Partners (NASDAQ:PNFP), Regions Finl (NYSE:RF), Fulton Financial (NASDAQ:FULT), BOK Financial (NASDAQ:BOKF), M&T Bank (NYSE:MTB)

Moody’s, the well-known credit rating organization, downgraded the ratings of 10 U.S. small and mid-sized banks by one notch late Monday, sending shockwaves across a sector still reeling from the collapse of regional banks in March.

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