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The Invesco KBW Bank ETF (NASDAQ: KBWB) is down 27.8% year-to-date in 2022 as investors grow increasingly concerned the Federal Reserve will be unable to navigate a soft landing for the U.S. economy, and short sellers have made a killing on bank stocks.

The Invesco KBW Bank ETF (NASDAQ: KBWB) is down roughly 19% year-to-date, compared to the S&P 500 which is down at least 16% year-to-date.

RBC Capital analyst Darko Mihelic maintains Bank of Nova Scotia (TSX:BNS) with a Sector Perform and raises the price target from C$83 to C$86.

  On Tuesday, 838 companies hit new 52-week lows.

  Wednesday's session saw 361 companies set new 52-week lows.

  Monday saw 825 companies set new 52-week lows.

  On Thursday, 1076 companies hit new 52-week lows.

  On Monday, 429 stocks made new 52-week lows.

  On Thursday, 529 companies set new 52-week lows.

RBC Capital analyst Darko Mihelic downgrades Bank of Nova Scotia (NYSE:BNS) from Outperform to Sector Perform and lowers the price target from $94 to $83.