The 79-year-old investor said he “modestly increased” his position in the financial name, seeing Monday’s pullback as a buying opportunity.
Category: Finance News
Stocks making the biggest moves premarket: First Republic, Western Alliance, Uber, Lyft and more
First Republic led a rebound in regional bank stocks. Uber and Lyft got a boost from a court ruling.
First Republic shares jump 20% as regional banks try to rebound from Monday’s sell-off
The stock traded 20% higher in the premarket and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which was up 5%.
Credit Suisse finds ‘material weaknesses’ in financial reporting, says outflows ‘not yet reversed’
Credit Suisse said its net asset outflows had “not yet reversed,” and that “material weaknesses” were identified in its financial reporting processes.
As global stocks fall, Asia-Pacific’s benchmark index erases all of its gains for 2023
Asia-Pacific’s leading index erased its year-to-date gains and is now flat in 2023 as bank stocks led declines Tuesday.
SVB fallout unlikely to affect fundraising for Southeast Asia startups, venture capitalists say
Industry experts are optimistic that fundraising for Southeast Asian tech startups will keep flowing and won’t be impacted by the collapse of SVB.
Regional bank stock plunge creating key entry point for investors, top analyst says
“We have definitely slipped on a banana peel as it pertains to this deposit worry and scare,” bank Christopher Marinac told CNBC’s “Fast Money” on Monday.
‘Stress like 1987’: Evercore’s Julian Emanuel warns Silicon Valley Bank fallout could force new market low
The 2-year Treasury yield to doing something that hasn’t happened since 1987 due to the Silicon Valley Bank meltdown, according to Evercore ISI.
Stocks making the biggest moves after hours: Gitlab, United Airlines, First Republic Bank and more
These are the stocks posting the largest moves in extended trading.
Regulators may still try to find a buyer for Silicon Valley Bank, source says
There’s still an opportunity to sell Silicon Valley Bank according to the official, saying that’s not off the table.