Investor sentiment toward regional banks had gotten so negative, J.P. Morgan analyst Steven Alexopoulos said it was time to back away from his bearish stance on the sector, and even turn bullish on th
Shares of embattled regional bank stocks were rebounding Friday, but ongoing uncertainty in the sector has led to growing calls for the federal government to take action to restore investor and deposi
After a difficult session yesterday, market momentum has shifted for some regional bank stocks. Both PacWest Bancorp (NASDAQ: PACW ) and Western Alliance (NYSE: WAL ) are rising steadily, a stark cont
Today's BLS report looks once again like the jobs market is proving resilient in the face of higher interest rates.

Nonfarm Payrolls Come in Hotter Than Expected

12:09pm, Friday, 05'th May 2023
Nonfarm Payrolls Come in Hotter Than Expected.
Western Alliance (NYSE: WAL ) stock is climbing higher on Friday after the regional bank's shares were upgraded by JPMorgan. Analyst Steven Alexopoulos is behind today's upgrade, which bumps shares of
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 despit
Friday's rally for stocks like PacWest and Western Alliance made only a small dent in the week-to-date losses
PacWest Bancorp PACW is up 12.6% in premarket trades on Friday, as it recovered some of its steep losses from the previous session. Western Alliance Bancorp WAL is up 13.3% and First Horizon Corp. FHN
Sharp drops Thursday are being partly retraced in early trading Friday after a tumultuous week that has seen turmoil return to regional lenders.
The trade group representing U.S. banks has asked the Securities and Exchange Commission to take action against what it calls market manipulation and abusive short-selling practices after the latest n
State and federal authorities are looking into the possibility of market manipulation behind recent volatility in bank stocks, according to a report Thursday.
Shares of regional bank PacWest (PACW) tumbled Thursday after it announced it was considering strategic options including a sale. The regional bank said in a statement that it "will continue to evalua
U.S. bank shares, brutalized since the early March collapse of Silicon Valley Bank, may have further to drop before investors need to worry about economic growth, according to Oxford Economics.
Western Alliance says it will not be the next regional bank to go up for sale. The Arizona-based lender on Thursday (May 4) denied a report from earlier in the day by the Financial Times (FT) that it
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