Why Carnival And Royal Caribbean Group Shares Are Rising During Thursday's Session

Carnival Corp CCL and Royal Caribbean Cruises Ltd RCL are trading higher Thursday afternoon amid overall market strength.

Shares of several companies in the hotels, restaurants and leisure space are trading higher following Credit Suisse's announcement of a loan from the Swiss National Bank and reports of banks discussing a capital infusion into First Republic.

So What's Going On With First Republic?

First Republic Bank may get a substantial capital injection or perhaps a full acquisition from a consortium of large financial institutions.

The agreement could be reached as early as Thursday, according to the Wall Street Journal, which cited people familiar with the matter. 

The deposit influx in First Republic Bank from the group of large banks is reportedly worth around $20 billion...Read More

According to data from Benzinga Pro:

  • CCL is trading higher by 3.61% to $9.04
  • RCL is higher by 4.79% to $65.03
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