US stocks fell on Tuesday after a mixed batch of earnings reports.
"Rising interest rates are worrying depositors that small- and mid-sized lenders are going to be facing increasing difficulties, that their business models are too heavily dependant on a low interest rate environment," said Stuart Cole, head macro economist at Equiti Capital.
"The risk is that the cost of emergency funding proves too expensive for the smaller banks and the market deems them to be no longer profitable." Investors are also concerned about the impact of elevated inflation and aggressive interest rate hikes by the Federal Reserve on companies' margins.
Brasil Últimas Notícias, Brasil Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
First Republic bank says deposits tumbled 40% to $104.5 billion in the first quarterThe lender said things have stabilized since last month's banking emergency, but it will still reduce headcount by 20% to 25% in the second quarter.
Consulte Mais informação »
First Republic leads volume in premarket as stock falls sharplyFirst Republic Bank is down 21% as the most heavily-traded stock in premarket action with volume of more than one million shares, according to MarketWatch’s...
Consulte Mais informação »
‘Surviving Earth’ Producer Loud Minds Hires Wall To Wall & Pioneer Productions ExecsEXCLUSIVE: Loud Minds, the indie behind NBC and Peacock’s upcoming Surviving Earth docuseries, has staffed up with execs from Wall to Wall and Pioneer Productions. Walking with Dinosaurs crea…
Consulte Mais informação »
Stocks making the biggest moves midday: Fox, Albemarle, First Republic and moreFox's Class A and B shares were each down almost 4% on news that host Tucker Carlson has left the network, days after Fox News settled its defamation lawsuit.
Consulte Mais informação »
First Republic Bank’s Financial Ratios Will Reveal Serious TroubleFirst Republic Bank is in trouble, and all market participants await today's earnings to learn the extent of the bank's challenges. the stock is down 87% since the regional banking turmoil began in March.
Consulte Mais informação »
First Republic says deposits tumbled 40% to $104.5 billion in 1Q, but have stabilized sinceThe deposit flight for the regional bank was worse than Wall Street expected.
Consulte Mais informação »