🏦 Bank & Finance · updated 2026-10-08
US Bank & Finance Companies in Financial Distress (October 2026)
As of 08 October 2026, 57 of 647 US Bank & Finance companies analysed (9%) show financial-distress indicators: 1 very weak, 30 weak and 26 on watch. The most common red flags in this sector are consecutive annual losses, share price down >80% from 52-week high, deep share-price drawdown and massive shareholder dilution.
647
Analysed
57
Distress signals
1
Very weak
9%
Flag rate
What drives financial distress in Bank & Finance
Banks, NBFCs, lenders, brokers and asset managers. Judged on capital adequacy (equity / assets vs prudential floors), loss streaks, sudden profit collapses that point to provisioning spikes and weak risk management, equity erosion, hyper-growth and share-price runs.
Most common red flags today: Consecutive annual losses · Share price down >80% from 52-week high · Deep share-price drawdown · Massive shareholder dilution
Bank & Finance companies with distress signals
| # | Ticker | Company / industry | Distress score | Band | Ohlson PD | Merton PD | From 52w high | Key indicators | |
|---|---|---|---|---|---|---|---|---|---|
| 1 | CWD | CaliberCos Inc. Asset Management |
Very weak | — | — | -91% | Critically thin capitalConsecutive annual lossesShare price down >80% from 52-week high |
Details → | |
| 2 | LDI | loanDepot, Inc. Mortgage Finance |
Weak | — | — | -83% | Critically thin capitalConsecutive annual lossesShare price down >80% from 52-week high |
Details → | |
| 3 | PAPL | Pineapple Financial Inc. Mortgage Finance |
Weak | — | — | -86% | Consecutive annual lossesShare price down >80% from 52-week highEquity eroded by >20% in a year |
Details → | |
| 4 | WULF | TeraWulf Inc. Capital Markets |
Weak | — | — | -53% | Critically thin capitalConsecutive annual lossesEquity eroded by >20% in a year |
Details → | |
| 5 | SHFS | SHF Holdings, Inc. Banks - Regional |
Weak | — | — | -99% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 6 | STEX | Streamex Corp. Capital Markets |
Weak | — | — | -92% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 7 | SLNH | Soluna Holdings, Inc. Capital Markets |
Weak | — | — | -79% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 8 | BETR | Better Home & Finance Holding Company Mortgage Finance |
Weak | — | — | -88% | Critically thin capitalConsecutive annual lossesShare price down >80% from 52-week high |
Details → | |
| 9 | BTOG | BTOG Financial Data & Stock Exchanges |
Weak | — | — | -99% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 10 | NAKA | Nakamoto Inc. Capital Markets |
Weak | — | — | -81% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 11 | VRM | Vroom, Inc. Credit Services |
Weak | — | — | -68% | Consecutive annual lossesEquity eroded by >20% in a yearDeep share-price drawdown |
Details → | |
| 12 | PWCM | PowerCompute, Inc. Capital Markets |
Weak | — | — | -97% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 13 | AURE | Aurelion Inc. Capital Markets |
Weak | — | — | -91% | Consecutive annual lossesShare price down >80% from 52-week highEquity eroded by >20% in a year |
Details → | |
| 14 | AXG | AXG Capital Markets |
Weak | — | — | -98% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 15 | SONM | DNA X, Inc. Capital Markets |
Weak | — | — | -78% | Negative book equityConsecutive annual lossesDeep share-price drawdown |
Details → | |
| 16 | BENF | Beneficient Asset Management |
Weak | — | — | -91% | Negative book equityShare price down >80% from 52-week highLatest year loss-making |
Details → | |
| 17 | DFDV | DeFi Development Corp. Asset Management |
Weak | — | — | -74% | Critically thin capitalConsecutive annual lossesDeep share-price drawdown |
Details → | |
| 18 | STEP | StepStone Group Inc. Asset Management |
Weak | — | — | -41% | Negative book equityConsecutive annual lossesEquity eroded by >20% in a year |
Details → | |
| 19 | INV | Innventure, Inc. Asset Management |
Weak | — | — | -96% | Consecutive annual lossesShare price down >80% from 52-week highEquity eroded by >20% in a year |
Details → | |
| 20 | CANG | Cango Inc. Capital Markets |
Weak | — | — | -85% | Share price down >80% from 52-week highLatest year loss-makingEquity eroded by >20% in a year |
Details → | |
| 21 | PS | Pershing Square Inc. Asset Management |
Weak | — | — | -9% | Negative book equityConsecutive annual lossesAggressive balance-sheet growth |
Details → | |
| 22 | SDEV | Stablecoin Development Corporat Asset Management |
Weak | — | — | -98% | Consecutive annual lossesShare price down >80% from 52-week highMassive shareholder dilution |
Details → | |
| 23 | TMS | Teamshares Inc. Financial Conglomerates |
Weak | — | — | -46% | Negative book equityConsecutive annual lossesEquity eroded by >20% in a year |
Details → | |
| 24 | ANY | Sphere 3D Corp. Capital Markets |
Weak | — | — | -73% | Consecutive annual lossesEquity eroded by >20% in a yearDeep share-price drawdown |
Details → | |
| 25 | NCPL | Netcapital Inc. Capital Markets |
Weak | — | — | -48% | Consecutive annual lossesEquity eroded by >20% in a yearMassive shareholder dilution |
Details → | |
| 26 | SUIG | SUI Group Holdings Limited Credit Services |
Weak | — | — | -70% | Latest year loss-makingDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 27 | ALP | Alpha Compute Corp Asset Management |
Weak | — | — | -65% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 28 | NCTY | The9 Limited Capital Markets |
Weak | — | — | -70% | Consecutive annual lossesEquity eroded by >20% in a yearDeep share-price drawdown |
Details → | |
| 29 | TAOX | TAO Synergies Inc. Capital Markets |
Weak | — | — | -60% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 30 | TWAV | TaoWeave, Inc. Asset Management |
Weak | — | — | -53% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 31 | ZSTK | ZeroStack Corp. Asset Management |
Weak | — | — | -79% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 32 | ABTS | Abits Group Inc. Capital Markets |
Watch | — | — | -88% | Consecutive annual lossesShare price down >80% from 52-week highEquity eroded by >20% in a year |
Details → | |
| 33 | BGDE | Big Digital Energy, Inc. Capital Markets |
Watch | — | — | -85% | Consecutive annual lossesShare price down >80% from 52-week highRevenue drop |
Details → | |
| 34 | BLNE | Beeline Holdings, Inc. Mortgage Finance |
Watch | — | — | -82% | Consecutive annual lossesShare price down >80% from 52-week highTrading below $1 |
Details → | |
| 35 | EQH | Equitable Holdings, Inc. Asset Management |
Watch | — | — | -2% | Negative book equityLatest year loss-makingEquity eroded by >20% in a year |
Details → | |
| 36 | FLD | Fold Holdings, Inc. Capital Markets |
Watch | — | — | -87% | Consecutive annual lossesShare price down >80% from 52-week highTrading below $1 |
Details → | |
| 37 | EQS | Equus Total Return, Inc. Asset Management |
Watch | — | — | -66% | Consecutive annual lossesEquity eroded by >20% in a yearDeep share-price drawdown |
Details → | |
| 38 | ICMB | Investcorp Credit Management BDC, Inc. Asset Management |
Watch | — | — | -78% | Consecutive annual lossesEquity eroded by >20% in a yearDeep share-price drawdown |
Details → | |
| 39 | MLCI | Mount Logan Capital Inc. Asset Management |
Watch | — | — | -64% | Critically thin capitalConsecutive annual lossesDeep share-price drawdown |
Details → | |
| 40 | CNCK | Coincheck Group N.V. Capital Markets |
Watch | — | — | -83% | Consecutive annual lossesShare price down >80% from 52-week highExtreme volatility |
Details → | |
| 41 | FGNX | FG Nexus Inc. Asset Management |
Watch | — | — | -82% | Consecutive annual lossesShare price down >80% from 52-week highAggressive balance-sheet growth |
Details → | |
| 42 | HSDT | Solana Company Asset Management |
Watch | — | — | -87% | Consecutive annual lossesShare price down >80% from 52-week highAggressive balance-sheet growth |
Details → | |
| 43 | BTBT | Bit Digital, Inc. Capital Markets |
Watch | — | — | -68% | Latest year loss-makingDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 44 | HIVE | HIVE Digital Technologies Ltd. Capital Markets |
Watch | — | — | -63% | Consecutive annual lossesDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 45 | ABTC | American Bitcoin Corp Capital Markets |
Watch | — | — | -93% | Share price down >80% from 52-week highLatest year loss-makingEquity eroded by >20% in a year |
Details → | |
| 46 | VIP | Vulcan Infrastructure and Power Inc. Capital Markets |
Watch | — | — | -53% | Negative book equityDeep share-price drawdownExtreme volatility |
Details → | |
| 47 | BTCS | BTCS Inc. Capital Markets |
Watch | — | — | -79% | Consecutive annual lossesDeep share-price drawdownAggressive balance-sheet growth |
Details → | |
| 48 | CD | Chaince Digital Holdings Inc. Capital Markets |
Watch | — | — | -70% | Consecutive annual lossesDeep share-price drawdownAggressive balance-sheet growth |
Details → | |
| 49 | DTCX | Datacentrex, Inc. Financial Data & Stock Exchanges |
Watch | — | — | -67% | Consecutive annual lossesDeep share-price drawdownAggressive balance-sheet growth |
Details → | |
| 50 | STKE | Sol Strategies Inc. Capital Markets |
Watch | — | — | -69% | Latest year loss-makingDeep share-price drawdownAggressive balance-sheet growth |
Details → | |
| 51 | GEMI | Gemini Space Station, Inc. Capital Markets |
Watch | — | — | -83% | Consecutive annual lossesShare price down >80% from 52-week highExtreme volatility |
Details → | |
| 52 | IPST | IP Strategy Holdings, Inc. Capital Markets |
Watch | — | — | -99% | Share price down >80% from 52-week highLatest year loss-makingAggressive balance-sheet growth |
Details → | |
| 53 | SBET | Sharplink, Inc. Capital Markets |
Watch | — | — | -54% | Latest year loss-makingDeep share-price drawdownMassive shareholder dilution |
Details → | |
| 54 | ASST | Strive, Inc. Asset Management |
Watch | — | — | -47% | Consecutive annual lossesAggressive balance-sheet growthExtreme volatility |
Details → | |
| 55 | KWY | Kingsway Corporation Asset Management |
Watch | — | — | -41% | Critically thin capitalConsecutive annual losses |
Details → | |
| 56 | MARA | MARA Holdings, Inc. Capital Markets |
Watch | — | — | -57% | Latest year loss-makingDeep share-price drawdownRevenue drop |
Details → | |
| 57 | PNBK | Patriot National Bancorp, Inc. Banks - Regional |
Watch | — | — | -55% | Consecutive annual lossesDeep share-price drawdownTrading below $1 |
Details → |
Frequently asked questions
Which Bank & Finance companies are in financial distress?
As of 2026-10-08, 57 US Bank & Finance companies show financial-distress indicators (1 very weak, 30 weak and 26 on watch). The table on this page ranks them by score with the indicators behind each one. These are statistical signals, not predictions that any company will file.
How many Bank & Finance companies are in financial trouble?
57 of 647 analysed (9%); 1 are in the 'Very weak' band.
What are the biggest financial risks for Bank & Finance companies?
Banks, NBFCs, lenders, brokers and asset managers. Judged on capital adequacy (equity / assets vs prudential floors), loss streaks, sudden profit collapses that point to provisioning spikes and weak risk management, equity erosion, hyper-growth and share-price runs. Right now the most frequent red flags are consecutive annual losses, share price down >80% from 52-week high, deep share-price drawdown and massive shareholder dilution.
What happens to shareholders if a company becomes insolvent?
Insured U.S. banks cannot file under Title 11 of the U.S. Code; a failing bank is closed and placed into FDIC receivership. Deposits are insured up to $250,000, but the bank holding company's shareholders are usually wiped out (as with SVB Financial Group in 2023).
Financial distress in other sectors
🛡️ Insurance 6💊 Pharma & Biotech 354🩺 Healthcare & MedTech 98💻 IT & Software 113🔬 Semiconductor 15🤖 AI 74🖥️ Hardware & Electronics 40📡 Telecom & Media 55🛍️ Consumer Discretionary 91🛒 Consumer Staples 41🏭 Industrials & Capital Goods 116🛢️ Energy, Oil & Gas 31⛏️ Metals, Mining & Chemicals 61⚡ Utilities & Power 14🏢 Real Estate Cos & REITs 25📦 SPACs & Shell Companies 0❔ Unclassified 235
Important: A listing means a company’s reported numbers resemble those of firms that later failed — it is not a statement that the company is insolvent, has defaulted or will enter insolvency proceedings. Recalculated every trading day. Not investment or legal advice.