JPMorgan Chase & Co JPM Shares are trading down 5.25% at $130.57 on Thursday afternoon. Banks and financial services stocks are trading lower on concerns about rising interest rates and the recent rise in short-term yields.

In addition, the consequences of Silvergate Capital Corp The planned liquidation has burdened banks with crypto exposure.

See also: PreMarket Prep covers potential concerns for regional banks

What else?

The broader banking sector is also experiencing notable weakness during Thursday’s session SVB Finance Group announcing that it is seeking over $2 billion in additional funding.

SVB Financial announced plans to offer $1.25 billion of common shares and $500 million of depositary shares registered as public offerings.

SVB also announced the completion of its plan to sell its available-for-sale securities portfolio, selling $21 billion in securities…Continue reading

According to data from Gasoline ProJPM has a 52-week high of $144.34 and a 52-week low of $101.28.