Investors liked First Citizens Bank's deal to buy Silicon Valley Bank’s deposits and loans so much that they pushed its stock 53.74% higher.
And beleaguered KeyCorp, which tanked about 60% since the start of the banking turmoil, has a chance ofThe optimism was reflected in the SPDR S&P Regional Banking ETF , which rose about 0.87%. Major indexes — with the exception of the Nasdaq Composite — closed the day in the green too. The Dow increased 0.6% and the S&P inched up 0.2%. The Nasdaq Composite, however, fell 0.5%.
Technology shares, which posted sterling gains as banks struggled the past two weeks, are now facing difficulties of their own. Alphabet slid 2.83%, Apple lost 2.8% and Meta fell 1.5%. Charles Schwab's Liz Ann Sonders noted the S&P 500 information technology sector's valuation, relative to the performance of the companies, has risen more than 30%.
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
First Republic stock up 24%, leading regional lenders after First Citizens deal for Silicon Valley BankShares of First Republic Bank surged 24% in premarket trading on Monday and led a swathe of regional lenders higher, following news of that failed Silicon...
Weiterlesen »
First Mover Americas: First Citizens Scoops Up Big Chunks of Silicon Valley Bank.firstcitizens agreed to buy Silicon Valley Bank's deposits, and $BTC held its ground over the weekend, up 1% in the last 24 hours. LedesmaLyllah reports.
Weiterlesen »
CNBC Daily Open: Deutsche Bank is not Credit SuisseDeutsche Bank is the latest bank to suffer a panic-driven sell-off. But analysts said it's an irrational move by markets.
Weiterlesen »
CNBC Daily Open: SVB deposits and loans find a buyerFirst Citizens bank agreed to buy Silicon Valley Bank’s deposits and loans, suggesting there is still confidence in the U.S. banking sector.
Weiterlesen »
Valley National, First Citizens bidding for Silicon Valley: reportValley National Bank and First Citizens BancShares have reportedly submitted bids for the failed Silicon Valley Bank following it's collapse earlier this month.
Weiterlesen »