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Monday, May 1, 2023

Will this missed deadline be bad for bank stocks?

The FDIC couldn't find a bailout for First Republic

Last breath for First Republic

Dear Phan,

The FDIC gave banks a noon deadline on Sunday to bail out the failed First Republic Bank, which was put into receivership. So far, there have been no takers. The deadline has since expired. Trade now!

Will this bank failure have a domino effect and hurt the shares of bigger banks today as it did in March?

Trade JPMorgan Chase (JPM), Bank of America (BAC)

Deposit Now

** Disclaimer – While due research has been undertaken to compile the above content, it remains an informational and educational piece only. None of the content provided constitutes any form of investment advice.

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