First Republic Bank, Bank of America And Other Big Stocks Moving Lower In Monday's Pre-Market Session


U.S. stock futures traded mixed this morning. Here are some big stocks recording losses in today’s pre-market trading session.

  • First Republic Bank FRC shares dipped 54.7% to $37.01 in pre-market after the bank announced Sunday, that it enhanced its financial position through access to additional liquidity from the Fed and JPMorgan.
  • PacWest Bancorp PACW dropped 42.7% to $7.07 in pre-market trading after declining 38% on Friday.
  • Zions Bancorporation, National Association ZION fell 14.5% to $34.51 in pre-market trading.
  • The Charles Schwab Corporation SCHW dropped 14.2% to $50.37 in pre-market trading. Citigroup upgraded Charles Schwab from Neutral to Buy and lowered the price target from $83 to $75.

Don’t forget to check out our premarket coverage here

  • Customers Bancorp, Inc. CUBI fell 12.5% to $20.00 in pre-market trading.
  • Western Alliance Bancorporation WAL shares fell 12.4% to $43.20 in pre-market trading after dipping more than 20% on Friday.
  • Hercules Capital, Inc. HTGC fell 9% to $11.19 in pre-market trading. Keefe, Bruyette & Woods downgraded Hercules Capital from Market Perform to Underperform and lowered the price target from $14.5 to $10.5.
  • ING Groep N.V. ING fell 5.5% to $12.26 in pre-market trading.
  • KeyCorp KEY dropped 5% to $14.88 in pre-market trading.
  • Credit Suisse Group AG CS fell 4.9% to $2.53 in pre-market trading. Credit Suisse recently announced that it will delay the publication of its 2022 Annual Report.
  • Bank of America Corporation BAC dropped 3.7% to $29.15 in pre-market trading.

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