Several bank stocks appear ready to rebound in April as the failure of Silicon Valley Bank fades from investors' minds, according to UBS. The latest data from the Federal Reserve shows that borrowing from the central bank decreased slightly last week, suggesting that the liquidity issues caused by the collapse of Silicon Valley Bank may be easing. UBS analyst Erika Najarian said in a note to clients that the next step could be a rebound for bank stocks.
WAL 1M mountain Western Alliance is one of many regional bank stocks that has struggled in March. Banks that are based on the west coast, including Western Alliance , First Republic and PacWest, have been hit particularly hard during the sell-off due to fears that they are more exposed to risky customers like SVB had. Comerica is set to report its latest earnings on April 20, and Western Alliance will likely release its results around the same time.
Looking good for $FRC, $PACW, $WAL
“The subprime mortgages crisis is contained” — Ben Bernake May 17, 2007
You know damn well this isn't contained lol this party is just getting started
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