It’s not just regional bank stocks that have been hit by the recent banking crisis – large-cap bank stocks have also fallen. But some analysts believe the drop is overdone and retail investors flocked to buy the drop in the biggest traditional US banks last week. Still, there may be more room to run. JPMorgan … Read more
A tumultuous week in U.S. financial markets ended on an uncertain note on Friday after a massive injection of $30 billion in deposits from major banks into First Republic Bank failed to calm investors. Last week, the sudden collapse of three US banks – Silvergate Capital, Signature Bank SBNY and Silicon Valley Bank – began … Read more
Retail investors are buying financial stocks in unprecedented amounts after the recent rout in the sector, according to Vanda Research. Banks have been battered following the collapse of Silicon Valley Bank and concerns over the financial condition of Credit Suisse. Shares of regional banks were particularly hard hit, with investors worried about whether they had … Read more
Having multiple credit cards and playing the rewards game can save you hundreds of dollars every year – if you’re smart about how you use the cards. “The big fork in the road is whether or not you have a balance,” said Ted Rossman, principal analyst at Bankrate.com and Creditcards.com. “I think you should use … Read more
