Bank Stocks Rebound, Driving Market Gains.

Shares of regional banks including KeyCorp, Comerica, and Fifth Third Bancorp are rising as part of a relief rally in the financial sector after several bank names bounced back from heavy selling pressure in recent trading sessions. The rally comes after the collapse of SVB Financial Group sparked contagion fears in the broader financials, resulting in a bank run that ultimately led to the biggest banking collapse since the 2008 financial crisis. The Fed stepped in to inject liquidity into the situation over the weekend and announced plans to create a new Bank Term Funding Program centered around protecting institutions.