The First Republic may not need American help. It will not protect shareholders.

Text size First Republic shares closed down 47% in Monday trading. The stock is now down more than 90% so far in March. Eric Thayer/Bloomberg Shares of Bank of the First Republic are still in freefall even after the banking industry provided the lender with billions of dollars in cash. That money could be enough … Read more

First Republic stocks plunge after bank bailout and dividend suspension

Friday’s fall reflected fears that the big-bank bailout deal hasn’t fully solved the problems of the First Republic, which also suspended its dividend on Thursday. The uproar has prompted analysts to ask whether the company may be under pressure to find a buyer. “It’s unclear whether it’s viable as a stand-alone entity,” said Julian Wellesley, … Read more

Apple and other big tech stocks are posting gains despite bank blasts. Here’s why.

Text size Apple and other big companies saw their stocks rise despite worries in the banking sector. Pau Barrena/AFP via Getty Images SVB Financial The ‘s troubles may have triggered the latest round of stock market troubles, but despite the lender’s ties to Silicon Valley, the tech sector has been remarkably resilient during the sell-off. … Read more

Adobe earnings and outlook top street views as ‘critical’ software tops spending priorities

Shares of Adobe Inc. rallied in extended trading on Wednesday after the software company beat Wall Street expectations for the quarter and raised its outlook, while anticipating that its acquisition of the design platform interactive Figma will close by the end of the year. Adobe ADBE, +0.08% shares rose 5% after hours, after gaining less … Read more

Lumen stock follows record annual decline with another steep drop this year

Lumen Technologies Inc. isn’t exactly in the top company among the S&P 500 laggards this year. Of the eight worst performing names in the index so far in 2023, seven are battered bank stocks, including SVB Financial Group SIVB, -60.41% and Signature Bank SBNY, -22.87%, whose correspondent banks collapsed and were taken over by the … Read more

KBW recommends buying these 11 financial stocks, including First Republic, following federal support for banks

On a Monday after high-profile bank failures on Friday and Sunday, it might seem strange to recommend buying shares of banks and other financial services companies, but Keefe, Bruyette & Woods did just that, and even says that customers are expected to buy shares of a bank whose stock fell more than 70% in premarket … Read more

SVB Financial realigns its portfolio and blows up the banking sector

Text size Silicon Valley Bank lends to venture capital-backed start-ups in areas such as technology and life sciences. Andrei Stanescu/ Shares of lender SVB Financial Group fell on Thursday, sending ripples through the banking sector, which had been largely sheltered from concerns about the recession and rising rates. SVB’s troubles came as the Silicon Valley-based … Read more

Bond losses prompt Silicon Valley Bank parent to raise capital

SVB Financial GroupIt is SIVB -41.59% the shares fell sharply after it said it sold much of its securities portfolio and raised new capital, underscoring a wider problem for U.S. lenders who have seen rising interest rates hammer the value of their bond holdings . SVB, the parent company of Silicon Valley Bank, said late … Read more

Zscaler stock falls more than 10% after rising outlook and job cuts

Shares of Zscaler Inc. fell in extended session Thursday after the cybersecurity company raised its full-year revenue forecast while announcing layoffs. Zscaler ZS, +4.43% shares fell 12% after hours, after gaining 4.4% in the regular session to close at $134.13. The company said in a filing with the Securities and Exchange Commission that it was … Read more

Silvergate Stock Plunges as Crypto Bank Warns It Could Go Bankrupt

Silvergate Capital Corp. lost more than 40% of its value on Thursday after the company delayed its financial statements and said it was assessing its ability to continue operating for the next 12 months, as the crypto-asset bank scrambles to cover withdrawals related to the crypto market crash. Silvergate SI, -55.80% said in a filing … Read more