'This is not the financial crisis': Banks are OK, but investing in them right now is risky, analysts say
Publishing timestamp: 2023-03-23 10:56:47
Summary
Shares in First Republic Bank rose 30% after Treasury Secretary Janet Yellen said that financial regulators would be willing to backstop smaller, regional banks in the same manner as Silicon Valley Bank and Signature Bank to quell the risk of failures becoming contagious. While most analysts say that what happened earlier isn't likely to spread across the banking sector and cause a full-blown meltdown, some investors see recent turmoil as a huge opportunity while others say it may be wise to tread carefully. The decline in the exchange-traded fund tracking regional banks in S&P 500 represents an excellent time to buy for some investors, but others warn that there is too much uncertainty to make an investment case that all risks are priced in.
Sentiment: MIXED
Keywords: svb financial group, signature bank,
Source: https://www.cnbc.com/2023/03/23/why-analysts-say-banks-will-be-fine.html