Key Points
June 6 (Reuters) - Shares of U.S. banks regained some footing on Tuesday, with one of the top regional banking indexes hitting its highest in nearly seven weeks, as investors shrugged off reports of tighter capital requirements for banks...
The tenuous relief rally comes at a difficult time for a banking sector that has been grappling with worries around deposit flight, rising interest rates and exposure to commercial real estate since March...
The KBW Regional Banking Index (.KRX) extended gains to hit its highest since mid-April..
"Our baseline does not anticipate a further intensification of banking stresses," analysts at Deutsche Bank wrote in a client note on Monday.. Fed fund futures indicate traders have priced in a near 80% chance the U.S. central bank will hold interest rates in the 5%-5.25% range, according to CMEGroup's Fedwatch tool...
Still, the volatility in regional lenders has underscored ongoing investor uncertainty over the health of the sector, with the KBW Regional Banking index losing 20.6% this year...
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