Seven major financial stocks are down 11% to 25% from their peaks. Is the Bankpocalypse here?

The biggest US banking institutions are quietly bleeding out from their summer peaks.

Goldman Sachs (GS) has officially broken down, collapsing -24% from its all-time high.

Capital One (-25%), Bank of America (-19%), Morgan Stanley (-19%), Wells Fargo (-18,5%), Citigroup (-15%) , JPMorgan (-11%).

Is the Bankpocalypse here?

Wall Street banks struggle as dealmaking slows and bond-market volatility rises

Third-quarter results showed a slowdown in investment banking as rising bond yields, geopolitical tensions and uncertainty around AI spending weighed on corporate decisions. The slowdown threatens fee income from mergers, acquisitions and IPOs after a strong first half.

JPMorgan posts its first quarterly earnings miss in nearly three years

JPMorgan earned $5.57 per share, below the $5.85 analysts expected. Investment-banking fees fell 8% from the previous quarter, and fixed-income trading revenue declined 4%, although consumer lending remained healthy and the bank raised its full-year interest-income forecast.

Major banks report uneven results as market turmoil hits trading

Executives described weaker activity late in September as volatile markets, rising inflation and geopolitical risks affected business. The results point to pressure on certain revenue streams, but not yet to a uniform deterioration across bank balance sheets.

Cheap Money Built a Generation of Wealth. What Happens to Housing When It’s Gone?

Wall Street is wrestling with the same question. The 10-year Treasury yield recently climbed above 5%, while BNY CEO Robin Vince described the move as a “normalization” after years of extraordinarily cheap money.

“We’ve had arguably low levels for a very long time,” he told Reuters.

For U.S. households, that could mean a much less forgiving path to building wealth.

As the economy recovered from the Great Recession, households able to buy and invest eventually benefited from a powerful combination: cheap leverage and rising asset values.

But if money stays expensive, both sides of that equation change.

h/t PassiveBliss