Key Points
July 6 (Reuters) - U.S. bank stocks fell and a key regional index hit a near two-week low on Thursday amid lingering worries about the health of the lenders in the aftermath of the crisis in regional banks and ahead of second-quarter results that start next week...
"The bright spots are few and far between from a fundamental perspective for most banks in the current interest-rate environment," Raymond James analysts said.. Regional lender PacWest Bancorp (PACW.O) dropped 8.1% after KBW analysts cut the price target on the stock to $9 from $14..
Banks are due to kick-off the second-quarter reporting season late next week, with analysts and investors anxiously looking for updates on deposit stability, net interest margin expansion and executive comments on a looming economic slowdown...
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