Financial Steals: 3 Bank Stocks With Outstanding Value

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Bank stocks continue to be under pressure, with the shares of many lenders now at a 52-week low. The Standards and Practices (S&P) Banks Index is currently down 22% versus a year-to-date gain of 10% in the benchmark S&P 500 index. The continued pullback comes despite all the major American lenders posting strong third-quarter earnings that by-and-large beat Wall Street forecasts. The concerns weighing on bank stocks seem to have more to do with the impacts of high interest rates, a continued dearth of deals on Wall Street, geopolitical instability, and fears of an economic recession.