US bank stocks rose 6.2% median in April but lagged broader market gains of 7.9%.

In April, 205 US banks analyzed by S&P Global Market Intelligence saw a median total return of 6.2%, indicating a rebound in bank stocks. However, this performance trailed the broader market's 7.9% return, showing banks underperformed overall. Among these, 39 banks achieved double-digit gains, with Peapack-Gladstone Financial Corp leading at 18.6%. First Internet Bancorp remained the least expensive bank for the third consecutive month based on price-to-adjusted tangible book value. This data highlights selective strength in bank stocks despite overall market outperformance, which investors should monitor for future trends.