Regional Bank Week Was A Success – What Next?

All eleven regional banks in the S&P 500 reported earnings last week. The result was stock price rises across the board, signaling investor enthusiasm – or, at least, relief. As reported by The Wall Street Journal, “Big Regional Banks Reported Stable Deposits. For Investors, That Counts as Great News.”

“Many investors entered the second-quarter earnings season expecting the worst for regional banks. But that didn’t materialize in the results released this week—at least not for the bigger players.”