Regional Banks Flash Signs of Life in Fourth Weekly Gain
- A sector gauge has rallied 18% over multiweek advance
- Silicon Valley Bank tumult hit the stocks earlier this year
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A stock market sector that investors furiously bailed out of just months ago is slowly making a comeback.
Regional bank stocks are notched their fourth weekly gain in a row, tying a January streak as a revival in bond sales from the group reinforced bank resilience. While the sector is far from recouping the losses that Silicon Valley Bank’s collapse in March inflicted, the fresh debt sales mark the latest sign that the sector is buckling down for future pressures while distancing itself from the tumult.