A Zions Bank branch in Cottonwood Heights, Monday, March 13, 2023.for a host of regional banks, triggered by several prominent bank failures.
Monday’s fall came after federal regulators moved Sunday to take control of New York City’s Signature Bank in the wake of the collapse of tech-focused Silicon Valley Bank in California.
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UPDATE: Zions Bancorp ended the day of trading up 4.47%. It is down 36.93% over the past week after a precipitous fall Monday.
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Check again. While Zions was up in premature it has given back all of its earlier gains.
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Stock Market Today: Regional Bank Shares Tumble After Regulators Announce Silicon Valley Bank PlanRegional bank shares slid premarket and investors piled into the safety of bonds after regulators tried to limit the damage from Silicon Valley Bank's collapse creditscom creditscom creditscom
Source: WSJ - 🏆 98. / 63 Read more »
Bank analysts reshuffle ratings in response to seismic shifts in industryDemise of Silicon Valley Bank and Signature Bank and Monday's sharp drop in shares of First Republic Bank lead analysts to reshuffle ratings on bank stocks. Go figure... Revising targets upwards and handing out buy ratings like candy on Halloween - sh** is criminal They shouldn't of moved shit it's only adding fuel to the fire
Source: MarketWatch - 🏆 3. / 97 Read more »