First Republic shares jump 50% as regional banks rebound sharply from Monday’s sell-off

Posted on AllSides March 14th, 2023
From The Center
Jeenah Moon | Bloomberg | Getty Images

Shares of First Republic were up sharply Tuesday as concern over the state of the regional bank appeared to ease after a day of heavy selling.

The stock was 51% higher for the session and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which rose more than 6%. Shares of other regional banks also surged. PacWest jumped nearly 60%, while KeyCorp and Zions Bancorp advanced about 15%.

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