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Top related persons:
Steven Alexopoulos - 1 Moody's - 1 Alexoloulos - 1 JPMorgan's - 1 — CNBC's Michael Bloom - 1
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JPMorgan - 1 Silicon Valley Bank - 1 First - 1 Pinnacle Financial - 1 Pinnacle - 1 Regional Banking - 1 New York Community Bancorp - 1 Western Alliance - 1

Search resuls for: "Western Alliance ."


3 mentions found


☆ Investors should shrug off credit downgrades and buy regional bank shares, JPMorgan says
  + stars: | 2023-08-09 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +2 min
Moody's warning this week about the credit worthiness of more than two dozen banks has created a buy-the-dip opportunity in shares of regional lenders, according to JPMorgan. The credit rating agency downgraded the ratings of 10 regional banks on Monday evening, and signaled concern for about 17 more. But JPMorgan analyst Steven Alexopoulos said in a note to clients on Wednesday that those concerns are already priced in to bank stocks, and regional bank stocks now have upside from current levels. That means that many bank stocks look cheaper today than before the downgrades, Alexoloulos said. JPMorgan's top picks among regional banks include New York Community Bancorp.
Persons: Steven Alexopoulos, Moody's, Alexoloulos, JPMorgan's, — CNBC's Michael Bloom Organizations: JPMorgan, Silicon Valley Bank, First, Pinnacle Financial, Pinnacle, Regional Banking, New York Community Bancorp, Western Alliance Locations: Silicon, New
☆ These ETFs could see big moves higher if U.S. lawmakers overcome this latest obstacle and reach a debt ceiling deal
  + stars: | 2023-05-19 | by ( Brian Evans | ) www.cnbc.com   time to read: +2 min
The Direxion Daily Financial Bull 3x Shares (FAS) includes a wide range of banking stocks, including Berkshire Hathaway Class B Shares , Bank of America and J PMorgan Chase . FAS YTD mountain Direxion Daily Financial Bull 3x Shares. In chips, the Direxion Daily Semiconductor Bull 3x Shares (SOXL) includes behemoths like Nvidia , Broadcom and Qualcomm . SOXL YTD mountain The Direxion Daily Semiconductor Bull 3x Shares ETF. Some of the standouts in the ProShares UltraPro S & P 500 ETF (UPRO) are Walmart , Wells Fargo and Yum!
☆ Analysts warn regional banks stocks are in a 'negative feedback loop' and detached from fundamentals
  + stars: | 2023-05-04 | by ( Jesse Pound | In Jesse-Pound | ) www.cnbc.com   time to read: +3 min
The latest drop for regional bank shares is causing some Wall Street analysts to back away from their recommendations on the stocks, even if they still believe in the underlying fundamentals for the companies. Other regional banks also sold off, including a 19% drop for Western Alliance. The deposit update was not enough to reassure all Wall Street analysts about the health of regional banks, and there is concern that the drops in the stocks could reignite deposit flight. Meanwhile, RBC Capital Markets' analyst Jon Arfstrom stuck with his outperform rating on PacWest, but said only investors with strong stomachs should stick around. Western Alliance Another bank stock that has taken heavy loses in recent weeks is Western Alliance .
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