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Regional bank stocks struggled for much of 2023 after the collapses of Silicon Valley Bank and Signature Bank sparked a flight on deposits and sent shockwaves through the stock and bond markets.
Small and mid-sized banks, tracked by the SPDR S&P Regional Banking ETF (NYSE:KRE), have also seen strong perform 9 Stocks To Watch As Bank Stocks Blow Past Tech Names In 2024: Thank The 'Trump Trade'
More US regional banks are taking a step that was unthinkable more than a year ago in the aftermath of the Silicon Valley Bank failure: selling underwater bonds at a loss.
It currently holds 141 stocks, with top holdings Bank OZK, M+T Bank Corp and Truist Financial Corp making up about 8% of the portfolio. 3. Invesco KBW Regional Banking ETF (KBWR) Expense ratio: 0.35%.
"For the most part, everything’s in the rear-view mirror now," CEO Bruce Van Saun said during a day when his bank's stock fell by more than 4%. Most regional banks, he said, have been able to ...
Regional bank stocks are rallying. The reason: Fed Chair Jay Powell. And maybe Donald Trump too. The boss of the central bank made it clear over the last week that the Fed is inching closer to ...
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First Republic (FRC) and other regional banks are up sharply, in a stunning reversal from the previous session when the sector was hammered following the collapse of Silicon Valley Bank.