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KBW shuffles bank-stock ratings as stock price beatdown upends sector ahead of earnings

Clyde Edgerton by Clyde Edgerton
April 6, 2023
in Markets
KBW shuffles bank-stock ratings as stock price beatdown upends sector ahead of earnings
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KBW on Thursday upgraded four bank stocks and cut its view on two as it surveys the effects of a brutal selloff in recent weeks after the collapse of Silicon Valley Bank and ahead of first-quarter earnings updates starting Friday, April 14.

Meanwhile, bank stocks were lifted Thursday by comments from St. Louis Federal Reserve President James Bullard about reduced stress in the financial system in recent days.

The…



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