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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'
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.
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.
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 ...
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 ...
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 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 ...
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.