|Bid||40.80 x 1300|
|Ask||40.90 x 900|
|Day's Range||39.31 - 41.12|
|52 Week Range||7.46 - 86.87|
|Beta (5Y Monthly)||1.36|
|PE Ratio (TTM)||4.65|
|Earnings Date||Jul 19, 2023 - Jul 24, 2023|
|Forward Dividend & Yield||1.44 (3.64%)|
|Ex-Dividend Date||May 11, 2023|
|1y Target Est||56.88|
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The regulator said thousands of banks lost $472 billion in deposits during the first quarter, the biggest drop since it began collecting such data in 1984.
In this article, we will take a look at Michael Big Short Burry’s recent stock purchases. To see more such companies, go directly to Michael Big Short Burry’s Top 5 Recent Stock Purchases. Initiating contrarian bets is nothing new for Michael Burry, the famous “Big Short” investor who gained fame after successfully foreseeing the 2008 […]
Investors are still betting against a number of banks in the western half of the country. Some of those lenders say their fundamental strengths are being overlooked.
Not all bank stocks are bad ones. Finding some gems out there is certainly possible, but I won’t be beating down the bushes looking for opportunities in the banking sector. These days there’s more to dislike about bank stocks than there is to appreciate them. Regional bank stocks are depressed because of the Silicon Valley Bank failure. That exposed some other weaknesses in the sector and made regional bank stocks a losing bet. But there are other reasons to give bank stocks the side eye right n
Memes are simply images and videos with humorous text included that tend to spread rapidly across the internet. Combine them with stocks and you get wallstreetbets. That’s where the majority of meme stock information is communicated. For an easier-to-navigate listing of meme stocks investors can go here. That’s where all of the companies discussed below were found. These shares are not risky overall despite the reputation that investing in meme stocks may have. There are a few bets to be sure. B
There has been a big market shift over the past few years. It was evident during the meme-stock mania, and once again in the haywire trading of regional bank shares recorded in the past few weeks. One day, shares of PacWest dropped around 50%.
The California regional lender sold assets of a real estate lending business, its second transaction announced this week.
Shares of PacWest rose again Tuesday to build on Monday's gains, with other regional banks also advancing. PacWest's stock closed up 7.9% after rising 20% Monday following its announcement that it would [sell a $2.
Exante Data Inc. Founder and CEO Jens Nordvig joins Yahoo Finance Live to discuss the rise of PacWest and Western Alliance stocks after announcing the sale of real estate and the banking sector's outlook amid system failures.
Yahoo Finance Live's Rachelle Akuffo checks out shares of PacWest, Western Alliance, and Zions as regional bank stocks are trending higher
PacWest's deal is adding to momentum around a recovery in the regional banking sector.
There has been a lot of bad news for bank stocks this year, particularly regional banks, but some good news helped to lift the industry this week. Zions Bancorp, the 36th largest U.S. bank with about $89 billion in assets, was among those that benefited. The primary driver appeared to be news from one of its competitors, Western Alliance Bancorp, which reported a surge in deposits so far in the second quarter.
Treasury Secretary Janet Yellen told bank chief executives that more bank mergers may be necessary, according to a report from CNN.
Comerica (NYSE: CMA) saw its stock price surge 22.5% higher this week, as of Friday at 10 a.m. ET, according to S&P Global Market Intelligence. The stock remains down about 41% year to date as of Friday morning, trading at around $39 per share. In general, the markets were up this week, as the S&P 500 gained 2.1%, the Dow Jones Industrial Average rose 0.9%, and the Nasdaq Composite jumped 3.4% this week, as of Friday at 10 a.m. ET.
Bank stocks slumped Friday after a CNN report that [Treasury Secretary Janet Yellen told bank chief executives](https://www.marketwatch.com/story/regional-banks-slump-after-report-yellen-told-bank-leaders-more-mergers-may-be-needed-b3a1fc1) more bank mergers may be necessary.
The Yahoo Finance Live team breaks down the rise in regional bank stocks, Morgan Stanley CEO stepping down within the next year, and the company's stock movement.
Western Alliance sparked a regional bank rally Wednesday. Regional banks traded sharply higher early Thursday.
Shares of many bank stocks rallied this week after being sold off heavily last week. Banks got a lift along with the broader market on news that debt ceiling discussions were progressing, but there was also industry-specific and company-specific news. Shares of the credit card lender Capital One Financial (NYSE: COF) traded more than 11% higher for the week as of noon Thursday, according to data from S&P Global Market Intelligence.
Yahoo Finance markets contributor Remy Blaire discusses the stock markets opening on a mixed note, Palantir Technologies' stock movement, and regional banks trending higher.
The KBW Regional Banking Index edged up 0.07%. The index had jumped 7.2% on Wednesday, recording its biggest percentage gain in nearly two years, following a disclosure by Western Alliance earlier this week that its deposits grew by more than $2 billion. Western Alliance rose 1.1%, erasing earlier losses.
It seems the U.S. banking system won't collapse after all...at least for now. An unexpectedly bullish update from a regional lender many thought was at risk of collapsing bolstered bank stocks on Wednesday. Quite a few saw notable, market-beating gains, including Bank of America (NYSE: BAC), which closed the day 4.4% higher, and JPMorgan Chase (NYSE: JPM) with a 3% gain.
The Phoenix bank said its deposits rose again last week, boosting optimism in other regional lenders.
(Bloomberg) -- Shares of US regional banks rallied after Western Alliance Bancorp said deposits had grown by more than $2 billion since the quarter’s end, easing worries about the health of US regional lenders.Most Read from BloombergHere’s How Much Wealth You Need to Join the Richest 1% GloballyMercedes Sets Out to Make Sexy Vans With Yacht-Like InteriorsSingapore Air Hands Staff Eight Months’ Salary Bonus After Record ResultsThe $120 Million Ghost Ship Antigua Is Desperate to UnloadJPMorgan As
The Yahoo Finance Live team discusses Western Alliance leading the regional bank stock rally, regional bank turmoil, and PacWest stock movement.
Tesla CEO Elon Musk told shareholders the electric-vehicle company would try running some advertisements, Target's adjusted earnings topped estimates, Western Alliance issued a deposits update, and Wynn stock was upgraded.