First Republic Bank's Strategic Review Boosts Stock Amid Banking Crisis

Google Trends search data analyzed by Goldman Sachs shows that the initial increase in public focus on banks perceived to be under stress has cooled over the past week, and search trends related to bank withdrawals have normalized. Broader economic confidence amid the rolling bank crisis has only experienced a moderate decline, according to Goldman's GS Twitter Economic Sentiment Index. This data is an "encouraging sign," says Goldman's chief economist Jan Hatzius. Bank stocks have caught a bid as consumer fear has pulled back a bit, particularly after Treasury Secretary Janet Yellen promised further support for lenders if needed.