Bank stocks are still floundering after they took a major hit in March of this year, coinciding with the failures of Silicon Valley Bank, First Republic Bank, and Signature Bank.

KRE, a regional banking ETF, is down 27 percent year-to-date, while KBE, an ETF with large banks, is down 16 percent year-to-date. Quarterly earnings will be reported by JPMorgan Chase, Wells Fargo, and Citigroup tomorrow, and a few other big reports are due early next week.