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Author Bio
Bram Berkowitz mainly writes in the financials bureau covering the banking sector. Prior to The Motley Fool, he wrote about and covered community and regional banks in New England for The Warren Group. Follow @BramBerko
The banking sector got hit hard in 2020 mainly due to the coronavirus pandemic, which sent credit costs soaring and ultimately resulted in an ultra-low-rate environment that lowers the revenue outlook for banks. In recent months, the sector has begun to rebound with the majority of bank stocks trading back around tangible book value. Some bank stocks, however, have not been able to regain the confidence of investors and remain at steep discounts. Here are five of the worst-performing bank stocks in 2020.