Insights

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

exchange68September 13, 2024

0 1 1 minute read

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

Analyst

James Van Straten

Former Lead Analyst at 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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