regional banks

It’s a volatile day on Wall Street as tech stocks reacted to disappointing quarterly earnings ahead of the highly anticipated Federal Open Market Committee (FOMC) meeting. What Happened: In the lead-up to the FOMC meeting — scheduled for 2:00 p.m. ET on Wednesday, Jan. 31 — the tech-heavy...

The possibility of a soft landing for the U.S. economy is gaining traction, prompting an increased interest in U.S. banking stocks, as Bank of America revealed in a note to clients on Thursday. The group of Bank of America’s equity analysts, led by Ebrahim H. Poonawala, point out several key...

U.S. regional bank stocks have seen a significant uptrend over the recent weeks, reaching levels reminiscent of those during the onset of the Silicon Valley Bank crisis in March. The SPDR S&P Regional Banking ETF (NYSE:KRE), a pivotal gauge tracking more than a hundred industry players, has...

Legendary investor, fund manager and PIMCO co-founder Bill Gross sees extraordinary long-term value in regional banks. In a tweet posted on Oct. 30, Gross said he sees regional bank stocks as a “falling knife” that “hasn't hit ground yet“. Back in April, the Bond King had...

Piper Sandler analyst R. Scott Siefers downgraded Midwest banks Regions Financial Corp (NYSE: RF) and Citizens Financial Group Inc (NYSE: CFG) to Neutral from Overweight. The analyst cut the price target at Regions Financial to $15 from $17. The analyst...

At the recent Benzinga Cannabis Capital Conference in Chicago, experts explored the role of small banks and credit unions in the cannabis industry. With regulatory challenges and evolving services, these institutions are vital for the sector's growth. What drives these smaller players into...

The dark clouds over the commercial real estate market – and office buildings in particular – continue to gather as regional and community banks cut their loan exposure to the sector. Regional and community banks continue to dump commercial real estate loans under heavy regulatory...

Regional banks took a hit earlier this year due to the Federal Reserve's rate-hiking cycle, several executives implementing poor risk management strategies, and attractive of money market rates. That said, given this so called "goldilocks" scenario many believe in, we may witness...

U.S. regional banks are under the regulatory magnifying glass as the Federal Reserve discreetly pushes for enhanced liquidity planning. Following a series of bank failures this year, hitting the central bank has reportedly been issuing confidential warnings to lenders with assets ranging from $100...

In recent weeks, regional banks have encountered a series of formidable challenges, stemming not only from credit rating agencies but also from statements made by the FDIC Chair. The call for heightened regulations within the sector has cast a shadow over these financial institutions. Responding to...

Moody’s, the well-known credit rating organization, downgraded the ratings of 10 U.S. small and mid-sized banks by one notch late Monday, sending shockwaves across a sector still reeling from the collapse of regional banks in March. The banks affected by the downgrades includes M&T Bank...

Banc of California, Inc. (NYSE: BANC) and PacWest Bancorp (NASDAQ: PACW) shares were volatile in after-hours trading Tuesday after a merger between the companies was announced.  The Banc Of California, PacWest Deal: The companies signed a definitive agreement through which they will combine...

American banks’ earnings season is nearly here, with some industry heavyweights set to announce their second-quarter results on Friday, July 14. JPMorgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC), BlackRock Inc. (NYSE:BLK), Citigroup (NYSE:C), and State Street Corp. (...

In a speech delivered on Monday at the Bipartisan Policy Center in Washington, D.C., the Federal Reserve Vice Chair for Supervision Michael Barr announced plans to enhance the financial cushions for larger banks in order to bolster the resilience of the banking system following a series of bank...

The aftermath of the Silicon Valley Bank (SVB) collapse has been anything but peaceful for startups, tech companies and regulatory bodies alike. The swift downfall of SVB, which went from solvent to insolvent within a span of two days in March, sent ripples across the banking and tech sectors....