MicroSectors U.S. Big Banks Index 3X Leveraged ETNs forum
BNKU A major counterattack--Small and medium-sized banks in the US banking market are experiencing a resurgence as the market's panic appears to dissipate following the emergency "market rescue." As of the time of writing, Western Alliance Bancorporation (
WAL) has surged by as much as 50%, First Republic Bank (
FRC) has seen its stock price rise by over 57%, and PacWest Bancorp (PPACW) has surged by more than 54%.In this banking crisis, large US banks such as JPMorgan Chase, Bank of America, Citigroup, and Wells Fargo seem to have emerged as the biggest winners, having absorbed billions of dollars in deposits, as American depositors continue to display low confidence in small and medium-sized banks. In addition, the collapse of Silicon Valley Bank (
SVB) has alerted investors that in an environment of high interest rates and tight liquidity, large banks with abundant resources, diversified business models, and rigorous regulation will likely emerge as the winners when compared to small regional banks. 