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Bank stocks experience mixed results as First Republic faces challenges.
finance3 years ago

Bank stocks experience mixed results as First Republic faces challenges.

Bank stocks rose on Monday, with gains from Ally Financial, U.S. Bancorp, Fifth Third Bancorp, and Lincoln National. NY Community Bancorp surged nearly 32% after agreeing to buy deposits and some loans from shuttered Signature Bank. First Republic Bank plunged 47% to reach an all-time low, dragged down by another S&P downgrade. Canopy Growth was among a group of marijuana-related stocks that slipped to new 52-week lows.