Regional banks extend losses and some paused due to volatility; Bitcoin up 2%

Quick Take

• Several regional bank stocks were halted due to volatility on May 2 after dropping more than 25%.
• KBW Nasdaq Regional Banking Index is down a further 4% today; it is down -26% for the year
• PacWest $PACW: -29% and halted
• Metropolitan Bank $MCB: -27% and halted
• Western Alliance $WAL: -25% and halted
• HomeStreet $HMST: -16%
• Zions $ZION: -11%
• First Foundation $FFWM: -10%
• Comerica $CMA: -9%
• Keycorp $KEY: -8%
• Bitcoin is up 2% today

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