Read more
5:57 PM · 5 May 2023

BREEAKING: Rebound of regional banks led by PacWest!

-
-
Open account Download free app

PacWest was heavily sold off this week, but during the last session of the week, shares bounced from the lows by over 80%! This is likely due to an overreaction to JP Morgan's recent acquisition of First Republic Bank. 

It is worth noting that other larger banks, such as Charles Schwab, are also gaining today. Charles Schwab shares are up nearly 5% after the company reported a slowdown in deposit outflows for three consecutive months. 

Stocks like SCHW, PacWest, and Western Alliance were all heavily sold this week. Other companies in the sector, such as Zions Bancorp and Comerica Inc., are also seeing gains by a couple percent. The strong rebound in regional bank stocks is also being felt on the Russell 2000 index, which is up about 2% today. However, despite giant bank corporations like Citi, JP Morgan, and Morgan Stanley, the US banking market is one of the least consolidated in the world, with over 4,000 banks. In other major countries, banks are typically limited to a few hundred entities.

Source: xStation5

29 January 2026, 11:52 PM

Apple shares gain after earnings driven by strong iPhone sales 📈

29 January 2026, 6:48 PM

Daily summary: Wall Street and precious metals try to rebound 📈Microsoft down 12%

29 January 2026, 4:59 PM

Apple shares down ahead of the earnings 📉Will iPhone support the company?

29 January 2026, 3:12 PM

US Open🚨US100 slides almost 2% amid 11% Microsoft shares crash📉

Join over 2 000 000 XTB Group Clients from around the world

The financial instruments we offer, especially CFDs, can be highly risky. Fractional Shares (FS) is an acquired from XTB fiduciary right to fractional parts of stocks and ETFs. FS are not a separate financial instrument. The limited corporate rights are associated with FS.
This page was not created for investors residing in Brazil. This brokerage is not authorized by the Comissão de Valores Mobiliários (CVM) or the Brazilian Central Bank (BCB). The content of this page should not be characterized as an investment offer in Brazil or for investors residing in that country.
Losses can exceed deposits