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Regional bank stocks could be a market afterthought in the week ahead

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Wall Street thinks regardless of how regional banks trade, bank lending officers are going to pull in their horns and risk management will shy away from risk.

For the immediate economic and earnings and growth outlook, it almost seems irrelevant whether regional bank stocks rally, steady or sell off more next week. Regional banks were top of mind for investors this past week, as First Republic failed , the SPDR S & P Regional Banking ETF tumbled more than 10% — twice the five-day loss in the S & P 500 Energy Index, the hardest hit S & P sector — and lenders such as PacWest Bancorp and Western Alliance Bancorp lost billions in market value.

Small Business Index Earnings : Waters, Catalent, Air Products & Chemicals, Fox Corp., International Flavors & Fragrances, Duke Energy, Henry Schein, Jacobs Solutions, Ventas, Devon Energy, TransDigm, Akamai, Axon Enterprise, Electronic Arts, Occidental Petroleum Wednesday 8:30 a.m. CPI Earnings : Celanese, Lincoln National, Disney Thursday 8:30 a.m. PPI 8:30 a.m. Initial jobless claims Earnings : Tapestry, PerkinElmer, Charles River Laboratories, Steris, Gen Digital Friday 8:30 a.m.

 

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