Why are the banks down today
The banks are down today due to several factors. The most recent one is the extraordinary fiscal support from the government and the elevated oil prices, which have both had an effect on the bank stocks. Additionally, the report released by the Federal Reserve Board included hypothetical scenarios for its 2023 Bank Stress Tests, which could also be a contributing factor.
Furthermore, the geopolitical uncertainty resulting from the Ukraine War, the massive Microsoft 365 outage caused by the WAN router IP change, and the broken water pipe which caused flooding and a sinkhole in La Jolla, California, all appear to be weighing on bank stocks lately. Finally, the statistics reported by banks and other financial firms in the US, combined with the missing money sent through the in-app Zelle Network, have all had an impact on the bank stocks. As a result of these various factors, the bank stocks have been dragged down, which is why they are down today.
Below are images relevant to your question