Stock Track | Metropolitan Bank Holding Corp. Soars 11.75% Intraday on Strong Earnings Report

Stock Track01-22

Metropolitan Bank Holding Corp. (MCB) surged 11.75% during the intraday session on Wednesday, outperforming the broader market as regional bank stocks rallied on positive earnings reports.

The surge in MCB's stock price follows its latest earnings report, which investors reacted positively to. The bank's performance aligns with a broader trend of regional banks gaining ground, as highlighted by the S&P 500 regional bank index rallying 3.3% and the KBW regional banking index jumping 3.6%.

Other regional banks, including Citizens Financial and Zions Bancorp, also reported strong earnings, further boosting investor confidence in the sector. MCB's significant gain reflects market optimism about its financial performance and growth prospects.

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