Bank of America (BAC)

Well, it has certainly been an interesting week for the banking industry. The failure of Silicon Valley Bank has sent bank stocks into a tailspin. The regionals and smaller niche lenders have fared the worst, but even the big money center banks like Bank of America (BAC) have been caught up in the maelstrom.

The operating environment of the past few quarters has been a pretty good one for lenders. Rates have risen sharply, credit demand has been strong, and asset quality, though normalizing, has likewise remained solid.