Hints and tips:
...The US has announced sanctions against an individual and two organisations accused of targeting Palestinians in the West Bank....
...So what can this tell us about other banks? The analysts find that bonds of Comerica, Zions Bancorporation and Huntington Bancshares trade cheap, with Huntington posing the “lowest CRE risk”....
...Last week, the state department announced measures against a handful of additional Israeli nationals, including Ben Zion Gopstein, a prominent settler activist and close political associate of Ben-Gvir....
...Smaller lenders stocks also surged, with Zions Bancorp and Citizens Bank both adding 7 per cent. The Fed released forecasts on Wednesday projecting 75 basis points worth of rate cuts next year....
...Large regional banks such as Zions Bank and KeyBank had an average sensitivity of 12 per cent in the second quarter of 2022....
...The bottom lines at Comerica, based in Dallas, Texas, Zions Bank, based in Salt Lake City, Utah, and PNC in Pittsburgh, Pennsylvania, fell roughly 90 per cent, 55 per cent and 40 per cent, respectively....
...(Zion)....
...Shares of Zions Bank fell nearly 7 per cent in extended trading after the bank missed earnings estimates by a wide margin....
...Like Zions, many midsized banks wrote letters that said the nation’s biggest banks should pay the cost of the failures of SVB and Signature because they had benefited the most from the recent regional banking...
...Monday China: People’s Bank of China loan prime rate announcement UK: EY Item Club winter economic forecast Results: S4 Capital trading statement, Zions Bancorporation Q4 Tuesday EU: January consumer...
...The riskiest, most beat-up members of the group (KeyCorp, Comerica, Zions, Western Alliance et al) rose the most....
...Zions was swept up in the crisis of confidence that hit all regional banks last month. Like other regional lenders, Zions had to raise the interest it pays on deposits to keep accounts....
...US regional banks including PacWest, Zions and Western Alliance were set to rebound on Monday after a punishing week following the collapse of First Republic....
...Even the regional banks (Regions, Zions, Fifth Third), which scare everyone to death, are not all that cheap relative to growth....
...PacWest Bancorp jumped 18.3 per cent and Zions Bancorporation was up 11.4 per cent. The KBW regional banking index had added 5.7 per cent....
...Zions Bancorporation was up 5.8 per cent and KeyCorp gained 5.3 per cent, keeping them among the benchmark index’s biggest risers....
...Cincinnati-based Fifth Third and Salt Lake City-based Zions also lowered their outlook for lending profits for the rest of the year....
...This is visible, for example, in the sharp move up in bank stocks, especially higher-risk regional banks such as Fifth Third, Citizens, KeyCorp, Zions and Comerica (all up 40 per cent or more since late...
...PacWest, Western Alliance, Comerica and Zions Bancorp were among the US regional lenders swept up in a fresh round of sell-offs Tuesday....
...Zions Bancorporation was up about 20 per cent, with several other lenders rising alongside the broader market following solid jobs data....
...Among other regional lenders, Western Alliance shed 8 per cent, First Horizon and Comerica dropped about 4 per cent and Zions Bancorp fell almost 3 per cent. Read more on PacWest here...
...Bank stocks continued to rebound following several volatile trading sessions last week. Zions Bancorporation was the benchmark’s top performer, up 4 per cent....
...Regional banks US Bancorp, Citizens Financial and Zions Bancorporation will also report earnings before the bell....
...Moody’s took similar action on other regional banks, including Western Alliance, Zions Bancorporation and Comerica, but shares in those lenders were up 39 per cent, 13 per cent and 7 per cent, respectively...
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