3 Banks Hit Hardest by the Sell-Off

By Matt Koppenheffer and David Hanson – Feb 27, 2013 at 5:22PM

NYSE: BAC

Bank of America

Market Cap

$282B

Today's Change

(1.53%) $0.54

Current Price

$35.77

Price as of April 18, 2024, 4:00 p.m. ET

Which three banks suffered the most in this week's market bloodbath?

In the following video, Motley Fool financials analysts Matt Koppenheffer and David Hanson discuss the market's downturn since Feb. 19. Matt tells us whether the banking sector as a whole had things better or worse than other sectors, why Flagstar Bancorp (FBC), Bank of America (BAC 1.53%), and BofI Holdings (AX 0.72%) got hit particularly hard, what it means that these stocks have a higher-than-average beta, and why you may need a strong stomach if you're bullish on these stocks.

David Hanson has no position in any stocks mentioned. Matt Koppenheffer owns shares of Bank of America. The Motley Fool recommends and owns shares of BofI Holding. It also owns shares of Bank of America. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy.