While some of the hardest-hit regional bank stocks are posting record one-day rallies, the gains look a bit less impressive when compared with the beating they took over the previous three sessions. Shares of First Republic Bank FRC rocketed $18.05, or 57.8%, in morning trading Tuesday, which was more than quadruple the percentage of their previous record one-day rally of 12.9% on March 17, 2020. But considering the stock had plummeted $83,79, or 72.9%, over the previous three sessions in the wake of recent bank failures, Tuesday’s bounce has retraced just 21.5% of that selloff. Among other big bouncers, shares of Western…
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- banking,
- Banking/Credit,
- capital,
- corporate,
- Corporate/Industrial News,
- credit,
- Equity Markets,
- First Republic Bank,
- FRC,
- funding,
- Funding/Capital,
- Government policy,
- industrial news,
- KRE,
- PACW,
- PacWest Bancorp,
- regulation,
- Regulation/Government Policy,
- S&P 500 Index,
- SPDR S&P Regional Banking ETF,
- SPX,
- WAL,
- Western Alliance Bancorp.