A dozen S&P 500 banks stocks are falling more than 10%, and half of those are down more than 20%

The stocks of 12 components, all banks, of the S&P 500 SPX, +0.67% are down more than 10%, and five stocks are down more than 20%. The biggest decliners are shares of First Republic Bank FRC, -68.66%, down 74.3%; Comerica Inc. CMA, -22.22%, shedding 45.7%; KeyCorp KEY, -24.91%, losing 34.6%; Zions Bancorp ZION, -17.47%, off 31.6%; and Fifth Third Bancorp FITB, -13.50%, giving up 25.9%. Meanwhile, among some of the S&P 500’s larger capitalization banks, shares of J.P. Morgan Chase & Co. JPM, -1.45% slid 0.8%, Bank of America Corp. BAC, -2.97% sank 4.5% and Wells Fargo & Co. WFC, -4.96% dropped 6.6%. The selloff comes in the wake of recent failures of S&P 500 components SVB Financial Group’s SIVB, Silicon Valley Bank and Signature Bank SBNY, -22.87%. Meanwhile, the S&P 500 SPX, +0.67% was down 0.4%.