Bank Stocks Jump in Premarket After Monday Selloff
14 März 2023 - 12:05PM
Dow Jones News
By Will Feuer
Shares of beaten-down regional banks jumped in premarket trading
after investors sold the stocks off on Monday in the wake of the
collapse of Silicon Valley Bank and Signature Bank.
Shares of First Republic Bank rose 21% to $37.83 in premarket
trading Tuesday while shares of Western Alliance Bancorp shot up by
20%. PacWest Bancorp powered almost 34% higher in early trading,
recovering from its 21% decline on Monday.
KeyCorp stock rose 15% and shares of Charles Schwab Corp. rose
8%. Zions Bancorp stock was up almost 11%. Big banks recovered,
too, with Citigroup Inc. rising more than 2% in the premarket
session and shares of Wells Fargo & Co. rising more than
3%.
The SPDR S&P Regional Banking ETF was almost 6% higher in
early trading after it fell more than 12% on Monday.
Write to Will Feuer at Will.Feuer@wsj.com
(END) Dow Jones Newswires
March 14, 2023 06:50 ET (10:50 GMT)
Copyright (c) 2023 Dow Jones & Company, Inc.
First Republic Bank (NYSE:FRC)
Historical Stock Chart
Von Mai 2024 bis Jun 2024
First Republic Bank (NYSE:FRC)
Historical Stock Chart
Von Jun 2023 bis Jun 2024
Echtzeit-Nachrichten über First Republic Bank (New York Börse): 0 Nachrichtenartikel
Weitere First Republic Bank News-Artikel