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Since the S&P 500 hit a new all-time high last week, how come big-name bank stocks failed to make their new highs? In the past, economic cycles that featured lower and lower interest rates have been mostly quite bullish for financials.

For whatever fundamental reasons, that's not the case this time around. You can see this easily by examining the price charts for the major bank index and for a few of the best know bank stocks. They all seem to have topped out earlier and find themselves unable to keep up with the wider index that reflects the stock market as a whole.

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