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Elsewhere, in the crypto market, Bitcoin soared over 15% to over $25,000 in the past 24 hours amid SVB and Signature Bank fallout. Bitcoin gained 37% this year, outperforming the S&P 500 by a ...
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.
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.
The Phoenix lender said it attracted $2 billion in new deposits since the end of the first quarter, and a 24% stock surge on Wednesday lifted other troubled regional lenders such as First Republic ...
The stock declines underscore a disconnect between gloomy investor sentiment surrounding regional banks and the optimism that the crisis is over expressed by big names in Washington and on Wall ...
"The market's so short-term oriented that it may darn well love banks today and hate them by Friday." David Hollerith is a senior reporter for Yahoo Finance covering banking, crypto, and other ...
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U.S. stocks were mixed on Monday, as bank stocks moved upward after North Carolina-based First Citizens bank agreed to buy most of Silicon Valley Bank.At the close, the S&P 500 edged up 0.2% and ...