Two Bank Stocks for Bulls After the Panic, Says Citi

It’s a good day for shares of regional banks across the board on Monday.

Sector stocks jumped after

First Citizens Bancshares

(ticker: FCNCA) purchased parts of SVB Financial’s Silicon Valley Bank assets. That deal is likely giving investors hope that the government sees the failed bank’s deposits and loans as safe enough to purchase, and more broadly that the worst of the crisis is behind the group.