Sour Loans Hurting Stocks, Earnings at Regional Banks

Despite soaring earnings and Tuesday's skyrocketing stock prices, all is not well in the land of banking.

The nation's largest banks have been doing splendidly, but a number of regionals are facing mounting levels of nonperforming assets, and their stocks are being hurt. Unlike the biggest banks, which have become more like investment than commercial banks, the regionals are longtime lenders to business.