regional banks

Bank of Hawaii Corp (NYSE:BOH) reported disappointing revenues and earnings for the first quarter. Here are some key analyst takeaways from the most recent first-quarter earnings report: Keefe, Bruyette & Woods analyst Kelly Motta reiterated an Underperform rating, while raising the price...

Western Alliance Bancorp (NYSE:WAL) investors have been rejoicing with the stock up 3% since the company delivered an earnings beat. The bank delivered a 3.61% surprise on EPS and a 4.56% surprise on revenue, as it reported Q1 numbers on April 18 after market close. Also Read: Financial Stocks Fall...

Editor’s note: This story has been corrected to reflect that Western Alliance Bancorporation reported an adjusted earnings beat. Western Alliance Bancorporation (NYSE:WAL) reported its first-quarter financial results after the bell Thursday. Here's a look at the details.  The Details:...

Regional bank stocks, as represented by the SPDR S&P Regional Banking ETF (NYSE:KRE), have experienced a noticeable rebound after recently hitting the 200-day moving average support. This positive movement follows a series of strong earnings aQ1 2024 reports from sector players. Despite this...

Shares of U.S. financial companies have negatively responded to the flood of recent earnings reports for the sector, mirroring the market’s subdued sentiment due to geopolitical threats. The Financial Select Sector SPDR Fund (NYSE:XLF) fell 0.68% Tuesday in its fourth straight day of losses...

Texas Capital Bancshares Inc (NASDAQ: TCBI) shares were down in early trading on Monday. The Federal Reserve is likely to cut its benchmark interest rates three times by 25 basis points (bps) each in 2024, beginning in June, and by three more times by 25bps in 2025, according to Truist...

“Rich Dad Poor Dad” author Robert Kiyosaki issued a dire prediction for baby boomers, the demographic group born between 1946 and 1964, on Friday. What Happened: In a post on X, formerly Twitter, Kiyosaki warned, “BOOMERS to go BUST.” He attributed this...

First Citizens BancShares Inc’s (NASDAQ: FCNCA) stock has a history of outperforming the market. The bank appears well positioned to generate low-to-mid teens returns, driven by above-peer loan growth and cost controls, according to Goldman Sachs. The First Citizens BancShares Analyst: Ryan...

Shares of major U.S. financial stocks, as represented by the Financial Select Sector SPDR Fund (NYSE:XLF), surged to record highs, in the wake of the March Federal Open Market Committee (FOMC) meeting. This rally was fueled by anticipations of stronger economic growth and a reduction in borrowing...

A safety net implemented by the Fed in the wake of the Silicon Valley Bank and Signature Bank failures in March 2023 has ceased operations this week. The Federal Reserve’s Bank Term Funding Program (BFTP) was designed as an emergency bulwark against the looming threat of a regional banking...

Shares in New York Community Bancorp (NYSE:NYCB) continued to fall heavily on Monday after a brief pick-up last week following the announcement of a $1 billion capital raise. On Wednesday last week, it was announced that Steven Mnuchin, former Treasury Secretary, along with a number of other...

The U.S. stock market surged to record highs this week, buoyed by Federal Reserve Chair Jerome Powell‘s testimony to Congress, where he indicated a readiness to ease monetary policy if continued positive data affirm the ongoing disinflation process. Mirroring the stock market’s rally,...

Regional banking company New York Community Bancorp (NYSE:NYCB) has been increasingly volatile after announcing a new $1 billion equity infusion from investors and changes to its management. Analysts size up the changes and what a recent company update means for the stock going forward. The New...

“There will be more bank failures.” This was the stark message from Federal Reserve chairman Jerome Powell on Thursday, addressing the exposure of regional banks to the crisis in the commercial real estate sector. Powell was speaking before the Senate Banking Committee and said the Fed...

Former Treasury Secretary Steven Mnuchin and a group of outside investors have invested more than $1 billion in New York Community Bancorp Inc (NYSE:NYCB). Mnuchin explained the investment in the troubled regional bank Thursday in an interview on CNBC’s “Squawk On The Street.”...