Regional banks extend losses and some paused due to volatility; Bitcoin up 2%

KBW Nasdaq Regional Banking Index is down a further 4% today

James Van Straten
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James Van Straten
This article was published 3 years ago. Some details may no longer reflect current market conditions or recent developments. If you spot anything that needs an update, contact us.
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Quick Take

  • Several regional bank stocks were halted due to volatility on May 2 after dropping more than 25%.
  • KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year
  • PacWest $PACW: -29% and halted
  • Metropolitan Bank $MCB: -27% and halted
  • Western Alliance $WAL: -25% and halted
  • HomeStreet $HMST: -16%
  • Zions $ZION: -11%
  • First Foundation $FFWM: -10%
  • Comerica $CMA: -9%
  • Keycorp $KEY: -8%
  • Bitcoin is up 2% today
Banks: (Source: Trading View)
Banks: (Source: Trading View)

 

Analyst View profile
James Van Straten
James Van Straten
Former Lead Analyst CryptoSlate

James fervently appreciates data, technology, and trend-spotting. As a tech and liberty maximalist, he hails Bitcoin as the 21st century's paramount invention.

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