Regional Banks In Free Fall
JPMorgan Chase’s “rescue” of First Republic Bank didn’t exactly inspire confidence in the banking sector today. In fact, despite Dimon saying, “…this part of the crisis is over,” the market seemed to disagree in a big way. 👎
The regional bank ETF $KRE fell 6.27% today to fresh lows, with all its components in the red. The chart below outlines each holding’s weighting in the ETF vs. their 1-day performance. 👇