Regional bank stocks on Friday recovered all or most of their bruising losses from the previous session, as analysts from Hovde Group and JPMorgan Chase & Co. provided support for the sector that’s been quickly losing ground in recent weeks.
PacWest Bancorp PACW led the snap-back in regional banks with a whopping 81.7% rise at the closing bell. The stock was halted multiple times for volatility during the session as it surpassed its previous record gain on a closing basis of 33.9% on March 14, 2023.
On...