Banks: Wall Street Putting Its Money Where Its Money Is
Renewed Interest in Regionals Moving down the market cap ladder, the action in the regional banks has dwarfed that of its national counterparts. Just like the big banks, most regional banks have reported earnings beats for Q4, including First Republic Bank, PNC Financial, and Citizens Financial Group. But while the fundamental story between the two groups is similar, the trading action is not. The Direxion Daily Regional Banks Bull 3X Shares (DPST) is up 128% over the last three months, and year-to-date has taken in over $28 million in inflows. Data Source: Bloomberg. Past performance do...