US bank stocks stabilized Friday as a new set of earnings from regional lenders was solid, helping ease concerns over credit quality that sparked a sharp selloff.
The S&P Regional Banks Select Industry Index jumped 1.7% Friday, with Zions Bancorp NA and Truist Financial Corp among the top performers. The modest rebound follows a 6.3% plunge on Thursday, led by Zions and Western Alliance Bancorp after they said they were victims of fraud on loans to funds that invest in distressed commercial mortgages.
The latest crop of earnings helped abate concerns of credit stress spreading across the group following the ...
