Regional Banks Experience Volatility Amidst Market Turmoil
TL;DR Summary
Shares of regional banks, including PacWest, surged by 82% after a selloff, recovering some of their lost ground from the collapses of Silicon Valley Bank and Signature Bank in March. The sale of First Republic Bank to JPMorgan Chase on Monday was hoped to draw a line under the upheaval, but investors continued to hunt for weak links for much of the week, dumping shares of midsize and smaller banks.
- PacWest Stock Surges 82%, Regional Banks Recover After Selloff The Wall Street Journal
- Smaller Banks Are Scrambling as Share Prices Plunge The New York Times
- 4 big analyst cuts: PacWest slashed, stock crashes on sale talks | Pro Recap By Investing.com Investing.com
- Profitability Was the Next Shoe to Drop at Banks Like PacWest Bloomberg
- As banking strains grow, big banks are getting bigger Axios
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