First Republic Bank, Bank of America and other big stocks move lower…

First Republic Bank, Bank of America and other big stocks move lower…

Facebook
Twitter
LinkedIn

US stock futures traded mixed this morning. Here are some big stocks that posted losses in today’s premarket trading session.

  • Bank of the First Republic FRC Shares fell 54.7% premarket to $37.01 after the bank said on Sunday it has improved its financial position by accessing additional liquidity from the Fed and JPMorgan.
  • PacWest Bancorp PACW Plunged 42.7% to $7.07 in premarket trading after falling 38% on Friday.
  • Zions Bancorporation, National Association ZION fell 14.5% to $34.51 in premarket trading.
  • The Charles Schwab Corporation BLACK fell 14.2% to $50.37 in premarket trading. Citigroup upgraded Charles Schwab to Buy from Neutral and lowered its price target to $75 from $83.

Don’t forget to check ours premarket coverage here

  • Clients Bancorp, Inc. CUBI down 12.5% ​​to $20.00 in premarket trading.
  • Western Alliance Ban Corporation WHALE Shares fell 12.4% to $43.20 in premarket trading after falling more than 20% on Friday.
  • Hercules Capital, Inc. HTGC down 9% to $11.19 in premarket trading. Keefe, Bruyette & Woods downgraded Hercules Capital to Underperform from Market Perform and lowered its price target to $10.5 from $14.5.
  • ING Group NV ING down 5.5% to $12.26 in premarket trading.
  • KeyCorp BUTTON down 5% to $14.88 in premarket trading.
  • Credit Suisse Group AG CS fell 4.9% to $2.53 in premarket trading. Credit Suisse recently announced that it would postpone the publication of its 2022 annual report.
  • Bank of America Corporation BAK down 3.7% to $29.15 in premarket trading.

Now read the following: Insiders sell Walmart, Salesforce and 2 other stocks

[ad_2]

Source story

More to explorer