David Einhorn snapped up 2 regional banking stocks during turmoil: 13F

📆 5/16/2023 10:25 AM
📰 BusinessInsider

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David Einhorn's Greenlight Capital snapped up 2 regional banking stocks during last quarter's turmoil

a week later. Both deals were brokered by the Federal Deposit Insurance Corporation.

North Carolina lender First Citizens' shares have surged 67% in 2023, while Hicksville, NY-based New York Community has jumped 20%. Those gains are in sharp contrast to the broader regional banking sector's big losses, with SPDR's sector-trackingEinhorn isn't the only prominent investor who appears to have seen last quarter's banking turmoil as a buying opportunity.in the first quarter of the year, building stakes in First Republic, Pacific Western, Western Alliance, New York Community, and Huntington Bank.

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David Einhorn's Greenlight Capital bets on pair of regional banking stocksThe hedge fund manager built positions in a pair of regional banks in the latest quarter.
Source: CNBC - 🏆 12. / 72 Read more »