New Bull Market for Regional Banks? Not So Fast

New Bull Market for Regional Banks? Not So Fast
A sign in front of a First Republic Bank office in Oakland, Calif., on March 16, 2023. Justin Sullivan/Getty Images
Bryan Perry
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Commentary

For the past six weeks, the market rally has lifted most sectors out of some very bearish downtrends, the financials being one of them. While there is a base case for wanting to own bank stocks—such as a more constructive outlook for the economy, and lower interest rates—there are some major hurdles facing the regional banks that must be cleared out before this sector can be on long-term sound footing.

Bryan Perry
Bryan Perry
Author
Bryan Perry is a senior director and senior financial writer with Navellier Private Client Group, advising and facilitating high-net-worth investors in the pursuit of their financial goals. His financial services career spanning the past three decades includes over 20 years of wealth management experience with Wall Street firms that include Bear Stearns, Lehman Brothers and Paine Webber, working with both retail and institutional clients. Bryan earned a B.A. in Political Science from Virginia Polytechnic Institute & State University and currently holds a Series 65 license.
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