BUZZ-US regional banks rise after positive CPI data

Reuters05-15

** Shares of regional banks advanced premarket after data showed that U.S. consumer prices rose less than expected in April; core CPI slows

** This suggests that inflation resumed its downward trend at the start of the second quarter in a boost to financial market expectations for a September interest rate cut

** Banc of California , Western Alliance Bancorp

, Valley National Bancorp , Regions Financial

, Keycorp and Comerica rise between 1.3% and 2.2%

** M&T Bank , Fifth Third Bancorp , Citizens Financial , Truist Financial , Synchrony Financial and Zions Bancorporation rise between 0.7% and 1.2%

** As of last close, KBW Regional Banking Index has fallen about ~6% YTD

(Reporting by Pritam Biswas in Bengaluru)

((Pritam.Biswas@thomsonreuters.com))

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