Halloween is a few days away, but regional banks may have already hit their quota of scares for the month. From poor loan performance to fraud charges to subprime bankruptcies, regional banks were giving investors plenty of reasons to stay away.
But now that the Q3 earnings season is underway, several regional banks are reporting results that have calmed market jitters. One quarter doesn’t constitute a turnaround, and headwinds for this sector keep bubbling up like a game of Whack-A-Mole.
