What’s going on with financial stocks like $BAC and $SCHW?

What's going on with financial stocks like $BAC and $SCHW?

I picked them especially BAC bc of the supposed rate increases that were going to be happening from the FED, and were seen as “safety” stocks in a volatile market.

Instead they have become slowly and surely (not in major drops but a slow trickle down) my 2 worst positions down 20% in both with a decent % of my portfolio invested in them.

I am concerned but at the same time don't want to take big losses on them but what concerns me is it is off no news. When the market goes up, these 2 especially $SCHW still barely move.