Published on 30 May 2024 on Benzinga
...Yet To Recover From SVB Collapse: Time To Invest In The Top Banking ETF? - Coastal Finl...
Regional bank stocks, as monitored through the SPDR S&P Regional Banking ETF KRE, continue to trade about 13% lower than they were prior to the collapse of Silicon Valley Bank in March 2023, indicating that investor sentiment has yet to fully regain trust in the industry following last year’s sharp drop.
The first-quarter earnings season has been notably positive for the Financials sector, which showed the largest positive difference between actual revenues and estimated revenues, according to FactSet earnings insights.