Tumbling Bank Stocks Raise Deposit Risks, and Yield a Few Bargains

Bank stocks would look like obvious bargains if not for the fact that they’re issued by banks. The

KBW Nasdaq Bank Index

recently traded at a level not seen since 1998. Maybe it’s just having an off quarter-century.

An exchange-traded fund that tracks the index,

Invesco KBW Bank

(ticker: KBWB), goes for seven times projected 2023 Ebacatp, or earnings before analysts completely abandon their predictions.