” (the fear) is that there is going to be another bank (to fall). And the Fed is expected to raise rates by 25 basis points today, and that is not going to help the situation.” “We had some commentary … where one CEO said we will probably see other problems with banks. PETER CARDILLO, CHIEF MARKET ECONOMIST AT SPARTAN CAPITAL SECURITIES IN NEW YORK “Higher-for-longer rates are likely to pose a significant headwind to bank earnings per share/return on equity given margin pressures, slowing growth and worsening credit risk.” “We expect bank stocks to trade poorly heading into an economic recession.” “The sharp sell-off in regional bank stocks over the last two days has been puzzling to investors (based on our conversations) given the lack of an obvious catalyst.” “It would be perfectly reasonable to pause today especially when we’re already starting to see signs of the labour market softening and inflation easing.” “The rescue of First Republic Bank by JPMorgan in recent days, and the sell-off that followed in other regional banks, suggests significant stress remains.” banks remain sound and resilient.”ĬRAIG ERLAM, SENIOR MARKET ANALYST AT OANDA “Unless and until the Fed were to see actual strains on the banking sector, we believe it will stick with its stated view from the March meeting that U.S. Because that outlook is still unknown, markets did what they always do in these situations and assumed the worst. We won’t know exactly how bad things are getting again with regards to bank deposits until we see the Fed’s weekly H.8 report this Friday.” “It just shows investor unease with the outlook for those banks. “We had hoped that the First Republic deal would be a good first step but clearly, more needs to be done.” Here is what analysts are saying about the sell-off in regional banks: The central bank is widely expected to raise its benchmark interest rate by another 25 basis points. lender and investors looked ahead to the Federal Reserve’s commentary at its policy meeting. regional banks were volatile on Wednesday, after two straight sessions of declines following the collapse of the third U.S. Though sadden by our physical separation ‘n’ entwined by intense desire The rhythm of your love echoes in my veins like a thousand chords.(Reuters) – Shares of major U.S. I realized I never knew a heart could speak Such soft tunes that send thrills down my spine And I know within your love filled arms I’ve found a home Though the vast ocean of nothingness tears us apart, Yet I feel a synchrony of emotions fierce as hell’s furies As my heart is enflamed by the sparkle in your eyes. Which the stars tried to mimic with their dazzle, Still the night yearn for your touch, as my soul does for your sublime light that elucidates the heavens. I pictured the sparkle in your eyes when you smile. And thanked the heavens for such sweet love. My soul you mystified by your regal smile ‘n’ enthralled By your affection, I grew wings to touch my dreams. As I recalled how with your love me you conquered. Refreshing my weary soul like the tiny dew drops On the thirsty field. Then warm tears of joy sailed down my cheeks. Painted by the starry glow of the night sky, Illuminating the shady curtains with the sparkle in your eyes Then my heart glows with utmost delight At the thought of your soft gentle face filled with sublime light. I looked out my window at the silvery moon, Somewhere in its rays, I saw your image.
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