The bank recovers some of the lost ground and expels the spirit of infestation

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The Ibex closed the session this Tuesday with an increase of 2.23% to 9159 points. Among the best stocks are Sabadell up 4.50% and CaixaBank up 4.09%.

Euskaraz irakurri: Bankuek asteleheneko galeren zati bat berreskuratu dute, kutsatzearen mamua uxatuz

The Ibex closed the session this Tuesday with an increase of 2.23% to 9159 points. Being one of the best values Sabadel with an increase of 4.50% and Caixa Bank with an increase of 4.09%. For example, both banks have recovered part of the lost ground on Monday expelling the spirit of contagion due to the fall of the US entity Silicon Valley Bank.

Selective Frankfurt also closed today up 1.83%, dragging back banks’ recovery from contagion fears following SVB’s bankruptcy. commercial bank has recovered 4.4%, to 10.39 euros, and German Bank It has increased by 4.3% to 10.58 euros.

The London Stock Exchange closed with a 1.17% gain, a session in which bank titles rallied. between the banks, barclays has increased by 3.11%, Lloyd’s 2.14%, wet west 1.98%, HSBC 1.57% and Standard chartered 1.16%.

On the contrary, the actions of Credit Switzerland They only halted the decline during today’s trading session where losses were just 0.75%, though it has returned to record lows throughout the day.

The price of US banking sector also recorded strong overall increases after the opening of Wall Street, particularly in the case of First Republic Bank, one of the hardest hit entities on Monday. For example, shares of the San Francisco-based bank rose 63.3% after the Wall Street open, though they moderated their gains to 48% as the minutes passed.

The major banks in the United States also registered increases on Tuesday, although they showed less volatility than smaller entities.

For example, Wells Fargo advanced 5.29%, Citigroup 5.30% and Bank of America 2.49%, while Goldman Sachs posted an increase of more than 2%, Morgan Stanley 3.57% and JP Morgan 1.44%.

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Source: EITB

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