Since last week's earnings reports from $JPMorgan Chase(JPM)$$Citigroup(C)$$Wells Fargo(WFC)$ this week saw the release of financial reports from $Morgan Stanley(MS)$$Bank of America(BAC)$$Goldman Sachs(GS)$ , major players in the U.S. banking industry. Overall, the impact of the Q1 "Silicon Valley Bank crisis" seems to be gradually fading, and market expectations were set quite low. Surprisingly, most banks managed to exceed market expectations in terms of revenue and profits, though variations exist across different business sectors.Interes
"Systemic Banking Crisis" not end yet, will follow to short?
If you will continue to be bearish on banking stocks, what stock or related ETFs will be your target? 1. The banking stock crisis is getting worse?The US banking industry is beginning to face pressure due to the rising deposit cost and the impact of potential recession. As a classic case of value investment, banking stocks were once Warren Buffett's heavy positions. However, Buffett's confidence in the financial industry is weakening. According to public data, $Berkshire Hathaway(BRK.A)$ has been a seller of the banking sector since 2020.Bisides to $Bank of America(BAC)$ , Buffett has already cleared his position in $Wells Fargo (WFC) $,
$SPDR S&P Regional Banking ETF(KRE)$ if allowed short sellers, then the settlement days should be 5 days. Or else, a company will be forced to go chapter 11. Just like recent banks crisis.
Short Selling Comes Under Fire As Regional Banks Sell off