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Banking Sector Plunges

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Banking Sector Plunges

Benzinga

2 Views • Mar 15, 2023

Description

Credit Suisse ($CS@Switzerland) dropped 21.5 percent in premarket trading after Saudi National Bank said it wouldn’t provide further financial help. Credit Suisse’s losses spread to the global banking sector. Bank of America ($BAC@US) lost 2.9 percent, Morgan Stanley ($MS@US) fell 3.2 percent, and Wells Fargo ($WFC@US) fell 4.2 percent in premarket trading. Regional banks fell following Tuesday’s rally. PacWest ($PACW@US) and Comerica ($CMA@US) lost 7.7 percent and 3.4 percent, respectively. KeyCorp ($KEY@US) fell 1.4 percent, Regions Financial ($RF@US) fell 4.2 percent, and Zions Bancorp ($ZION@US) lost 5.5 percent in premarket trading. Shares of San Francisco-based First Republic rallied, gaining 3.8 percent in premarket trading.

Keywords & Tags

#stock market #stocks #earnings #Credit Suisse #market #inflation #business #investors #stock price #Morgan Stanley #Bank of America #retailer #Wells Fargo #premarket trading #market price #market movers #movers #revenue #finance #First Republic #Saudi National Bank #PacWest #Comerica #KeyCorp #Regions Financial #Zions Bancorp

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