Norwest Corp. may be one of the best banks out there, but investors have been crushing its stock even harder than other banks' shares lately.

Shares of the Minneapolis bank company have plummeted 19% since Oct. 8, the worst performance among superregional banks during that period. Among the 35 banks followed by Morgan Stanley & Co., the average decline was 8%. The S&P 500 has gained 1% in the past two months.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.