Stocks Making the Greatest Movements Premarket 03/13

Published on:

Last Updated on March 13, 2023 by Bitfinsider

Bank of America, JP Morgan, and Citigroup — all saw substantial losses in early market trading after the closure of two large banks spread dread among investors and prompted regulators to tighten up on risks connected with bank closures. Bank of America fell 4.2%, JP Morgan fell 1.4%, and Citi fell 2.25%.

Charles Schwab — Before the bell, shares fell by more than 6.6%. Citi raised the stock from neutral to buy, citing the company’s 23% drop in the last two trading days as a “compelling” risk-reward ratio. Citi anticipates increasing financing costs and ongoing client capital sorting to be near-term sales and profit challenges, which it thinks are already represented in the current stock price.

Hardware wallets are safe and secure devices that can be used offline. They keep your cryptocurrency offline, making it impossible for you to be hacked. To find out more on the leading hardware wallets, you may view our reviews here: Ledger & Trezor
Disclaimer: The views and opinions expressed by the author, or any people mentioned in this article, are for informational purposes only, and they do not constitute financial, investment, legal, tax or other advice. Investing in or trading cryptocurrency or stocks comes with a risk of financial loss.