Regional bank stock plunge creating key entry point for investors, top analyst says
Publishing timestamp: 2023-03-13 20:57:50
Summary
Analyst Christopher Marinac believes that the recent decline in regional bank stocks provides an attractive entry point for investors, as the underlying business fundamentals remain intact. He recommends Fifth Third Bank and Truist as top picks, and expects the group to eventually recover and trade at book value or higher.
Sentiment: NEUTRAL
Tickers: KRE, FITB, TFC, SBNY,
Keywords: federal reserve bank, banks, business news, wall street, jerome powell, federal reserve system, financials, spdr s&p regional banking etf, markets, fifth third bancorp, economy, truist financial corp, signature bank, corporate stock, investment strategy, interest rates, fdic,