, 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.
So probably the opposite is true....given enough time
Those who didn’t even know svb is going out are giving buy a now on other banks! 😂
😂 Goldman says buy Goldman stock
🤡
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