Very first Republic jumps 15%, leads comeback rally in regional financial institutions Tuesday

Important Points

CNBC’s David Faber noted Monday that JPMorgan Chase is providing advice on possibilities to the San Francisco bank that is drawn the attention of Wall Street for its massive amount of money of uninsured deposits.
Also encouraging sentiment was a report by Bloomberg Information that the Treasury Office is researching regardless of whether regulators can temporarily insure deposits above the latest FDIC cap without acceptance of Congress.

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Finance

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Check out the companies making headlines before the bell: Oracle — The software giant tumbled more than 12% after reporting fiscal second-quarter revenue that missed analyst expectations. Analysts across Wall Street raced to lower their price targets. Adobe — Shares fell slightly after the software company issued lackluster guidance for fiscal year 2026. Adobe sees […]

Finance

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