Regional bank stocks, as represented by theSPDR S&P Regional Banking ETF(NYSE:KRE), have experienced a noticeable rebound after recently hitting the 200-day moving average support.
This positive movement follows a series of strong earnings aQ1 2024 reports from sector players.
Despite this uptick, the gauge still remains nearly 20% below its pre-March 2023 crisis level, a stark reminder of last year's turmoil in the regional banking sector.
Chart: Regional Banks Rebound Off 200-Day Support Line
Analyst Insights And Key Stock Valuation
"Regional banks with strong deposit franchises are well-positioned in a structurally higher rate environment," said Ebrahim H...
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