Stocks of First Republic, PacWest, Virgin Orbit, Boxed, Carvana, AMD, and Charles Schwab React to Market News.

1 min read
Source: Barron's
Stocks of First Republic, PacWest, Virgin Orbit, Boxed, Carvana, AMD, and Charles Schwab React to Market News.
Photo: Barron's
TL;DR Summary

Regional bank stocks are expected to rebound after Federal Reserve Chairman Jerome Powell and Treasury Secretary Janet Yellen's remarks. Citigroup CEO Jane Fraser also expressed confidence in the banking system, stating that it is "pretty sound" and that the current situation is not a credit crisis.

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