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Monday’s Premarket Stock Moves
Description
The closure of Silicon Valley Bank ($SIVB@US) and Signature Bank ($SBNY@US) has spread fear among investors despite regulators’ efforts to eliminate the risks associated with the bank closures. First Republic Bank ($FRC@US) plummeted more than 60 percent in premarket trading. PacWest Bancorp ($PACW@US) shares fell by more than 40 percent in premarket trading, and Western Alliance’s ($WAL@US) stock fell by more than 51 percent. Bank of America ($BAC@US) fell 4.2 percent. JP Morgan ($JPM@US) fell by about 1.4 percent, and Citigroup ($C@US) was down 2.25 percent. PNC ($PNC@US) Bank lost nearly 5.2 percent.
Keywords & Tags
#stock market
#stocks
#earnings
#market
#inflation
#business
#investors
#stock price
#JP Morgan
#Bank of America
#retailer
#CitiGroup
#premarket trading
#market price
#market movers
#movers
#revenue
#finance
#Silicon Valley Bank
#Monday’s Premarket Stock Moves
#Signature Bank
#First Republic Bank
#PacWest Bancorp
#Western Alliance
#PNC Bank
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