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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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Moody s cuts U S banks, citing funding costs, office risk | Crain s Cleveland Business

From Bloomberg: Moody's Investors Service lowered credit ratings for 10 small and midsize U.S. banks. It also adopted a 'negative' outlook for 11 lenders, including PNC Financial Services Group, Fifth Third Bancorp and Huntington Bancshares Inc.

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US bank shares drop after Moody s cuts ratings, warns on risks

“Rising funding costs and declining income metrics will erode profitability,” Moody’ssaid

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Stocks drop as bank, economic worries lift bonds

Stocks drop as bank, economic worries lift bonds
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Bank Stocks Slide After Moody s Cuts Ratings On Triple Whammy Of Factors

ZeroHedge - On a long enough timeline, the survival rate for everyone drops to zero

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