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Citic Securities: Bank of America still in crisis, regional small and medium banks' turmoil resurfaces.
Under the benchmark expectations of NBER, if some small and medium-sized banks are indeed facing bankruptcy risks, it is expected that the performance of the US stock market will be similar to the bankruptcy event of Silicon Valley Bank (SVB) in 2023, and the market trend will be mainly driven by investor sentiment; in this scenario, the market performance of cyclical industries may continue to be under pressure, while the market performance of defensive industries may be relatively stable.
What You Need to Know Ahead of Truist Financial's Earnings Release
Rivian Automotive (RIVN) Receives a Hold From Truist Financial
Truist Financial Keeps Their Buy Rating on Avery Dennison (AVY)
Truist Financial Keeps Their Buy Rating on Pacira Pharmaceuticals (PCRX)
Eli Lilly & Co (LLY) Receives a Buy From Truist Financial