The biggest decliners included Comerica CMA.N, Keycorp KEY.N and Citizens Financial CFG.N. Following the report's release, the S&P 500 bank index .SPXBK was down 2.6% having hit its lowest point in about two weeks and eyeing its biggest one-day percentage drop since early May. He also noted the sector continues to face other risks stemming from inflation, rising rates, and economic pressure, particularly in areas like commercial real estate.