Look for Free Cash Flow Amid Banking Failures
After the sudden collapse of Silicon Valley Bank and now Signature Bank, things are looking a little bit rough for the banking sector. Despite regulators stepping in to take control of the failed banks and the Fed launching a new Bank Term Funding Program to provide additional funding to help banks meet depositors’ needs, banks like Charles Schwab, Citigroup, and First Republic Bank saw notable declines in their stock prices on Monday. First Republic in particular got hit hard, with its stock price falling nearly 62% over the course of trading.
Source: https://etfdb.com/free-cash-flow-channel/look-for-free-cash-flow-amid-banking-failures/
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