Buy the dip in banks as the Silicon Valley Bank crisis is unlikely to spread, Goldman Sachs says
, as contagion is unlikely to spread from small regional lenders, Goldman Sachs analysts wrote in a Thursday note., and banks like First Republic, Signature Bank and PacWest also plunged in the past week.
However, the reaction in the bond market was far more contained, they added, with debt from large US and foreign banks better behaved compared to their stocks. That sets up a buying opportunity. Some investors may have already started buying top bank stocks. On Friday, JPMorgan Chase rallied 2.5%, and Wells Fargo edged up 0.56%.
Second, even their small slice of the market is diversified, and is made up of 15 issuers with no single bank responsible for more than 20% of the allocated bonds.
Norge Siste Nytt, Norge Overskrifter
Similar News:Du kan også lese nyheter som ligner på denne som vi har samlet inn fra andre nyhetskilder.
Silicon Valley Bank spooks Silicon ValleySilicon Valley Bank, long one of the most popular financial institutions among tech and life sciences startups, saw its shares fall more than 60% on Thursday, wiping out a whopping $9.4 billion in market value.
Les mer »
Column: The Silicon Valley Bank collapse is Silicon Valley's problem, not yours'Based on the information that has been made public, the bank unwisely put its eggs in one basket by taking deposits from an insular group of depositors: venture-funded startups.' Column by hiltzikm:
Les mer »
CNBC’s Jim Cramer urged viewers to buy Silicon Valley Bank stock last month“The ninth best performer to date has been SVB Financial. Don’t yawn,” Cramer told viewers during a Feb. 8 episode of “Mad Money.”
Les mer »
Mark Cuban calls on Federal Reserve to buy Silicon Valley Bank debtInsider tells the global tech, finance, markets, media, healthcare, and strategy stories you want to know.
Les mer »
Silicon Valley Bank Rocked, Bank Shares PlummetA financial free fall is happening right now in the Bay Area. One of the most trusted local banks is in trouble and now there’s growing concern that some companies are withdrawing their funds, which could spell doom.
Les mer »
Bank stocks plunge after implosions at Silicon Valley Bank and SilvergateBank stocks plunge after implosions at Silicon Valley Bank and Silvergate Capital send 'shock waves' through the sector
Les mer »