Tag: KRE
-
Regional-bank stocks move up after PacWest deal suggests stabilization in sector
[ad_1] Regional-bank stocks rose Wednesday as hard-hit PacWest Bancorp agreed to be acquired by Banc of California in a sign that the hangover from bank failures earlier this year may be receding. “The implied take out price of $9.60 is higher than many estimated, with ‘[PacWest] resolution’ a net positive for the banking sector,” KBW…
-
Why stock-market bulls see small-caps shaking off bank worries to take rally baton
[ad_1] Small-cap stocks — left behind by the 2023 U.S. stock-market rally led by technology stocks — are poised to play catch-up in the second half, shaking off worries about a regional banking crisis that threatened to rattle financial markets earlier this year. “We think that if this rally actually has legs and broadens out,…
-
U.S. bank stocks fall again in fourth straight day of losses
[ad_1] U.S. bank stocks fell Thursday for the fourth straight day amid talk of higher interest rates and increased capital requirements by regulators to strengthen the banking system. The stocks fell as Martin Gruenberg, chairman of the Federal Deposit Insurance Co., said U.S. regulators may lower the threshold for Basel III capital requirements to institutions…
-
SVB bank run could have been a ‘coordinated’ effort by short sellers, says Republican congressman
[ad_1] Republican Rep. Warren Davidson of Ohio has requested that bank regulators investigate whether the run on deposits at Silicon Valley Bank were orchestrated by short sellers seeking to profit from the bank’s failure. “There could be a coordinated effort by multiple entities to cause bank runs,” Davidson said during a Tuesday hearing before the…
-
A U.S. default would destabilize the financial ecosystem, strategist warns
[ad_1] There won’t be many good options for investors to protect themselves from the shock waves unleashed in global financial markets if debt-ceiling talks in Washington fail and the U.S. government willingly defaults, according to Amar Reganti, fixed-income strategist at Hartford Funds. Wall Street has been paying close attention as the White House and top…
-
Dow down 300 points as Disney sinks, regional-bank troubles reemerge
[ad_1] U.S. stocks were mostly lower on Thursday, with the Dow leading the way down as disappointing earnings from Disney weighed on the blue-chip index, while investors grappled with another selloff in shares of regional banks and the threat of a U.S. debt ceiling default. How are stocks trading Major U.S. equity indexes are on…
-
Commercial real-estate’s debt machine is broken down
[ad_1] Wall Street’s main artery for financing commercial real estate has sputtered this year as higher interest rates and sagging property values darken the outlook for borrowers with an estimated $2 trillion of debt coming due through 2024. Issuance of commercial mortgage-backed securities, or bonds sold by Wall Street banks to finance commercial buildings, has…
-
PacWest, Western Alliance stocks rise as Hovde Group calls ‘near bottom’ in sector after potential ‘market manipulation’
[ad_1] Hovde Group analysts on Friday said bank stocks offer a “rare entry point” as they called a potential bottom to the steep selloffs in the sector amid speculation about further bank failures despite updates from regional banks on deposit strength. “There is nothing new fundamentally occurring with bank system deposits (other than the already…