: PacWest Bancorp, Western Alliance stocks post steep losses in wake of First Republic deal

May 2, 2023

Regional bank stocks are moving deeply into the red on Tuesday after JPMorgan Chase & Co. said early Monday it’s acquiring First Republic Bank in a move to shore up confidence in the U.S. banking system.

Meanwhile, Morgan Stanley MS is reportedly planning to lay off 3,000 workers as a lack of deal-making impacts the investment banking industry.

While…

Futurist Eric Fry says it will be a “Summer of Surge” for these three stocks

One company to replace Amazon… another to rival Tesla… and a third to upset Nvidia. These little-known stocks are poised to overtake the three reigning tech darlings in a move that could completely reorder the top dogs of the stock market. Eric Fry gives away names, tickers and full analysis in this first-ever free broadcast.

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