WAL, ZION, CMA: SEC Monitoring Regional Bank Short Selling

Regional banks rebound today, May 5th following yesterday's big selloff. Kevin Green joins Alex Coffey and Caroline Woods to discuss volatility in regional banks, highlighting Western Alliance (WAL), Zions Bancorp (ZION), and Comerica (CMA). He notes some big moves in regional banks such as how the Financial Times incorrectly reported information about WAL, which prompted WAL to correct them bringing the stock back up. He also talks about how the SEC said its monitoring short selling that could be impacting these regional bank stocks. He also goes over how the market is going to play the waiting game until these banks release earnings next month. Tune in to find out more about the stock market today.

Next Gen Investing

05 May 2023

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