Banks crushed today

[kevinUsa]

1 minute ago, Spartan said:

So Clients (venture capitalists) are burning cash, because they are not putting money on things which are not generating money..

mostly AI based startups i think...

a depositlu gallantaite...inka bank odiki kashtam..anduke selling shares to boost up...

if not all the startups will go dry or shutdown (it is already happening)..

examples chepu sitti 

[ramudu]

10 minutes ago, LadiesTailor said:

A crucial lender for early-stage businesses, SVB is the banking partner for nearly half of U.S. venture-backed technology and healthcare companies that listed on stock markets in 2022.
 

it will have a ripple effect on all other stocks toooooo

welcome to the ending , this is start of the hard landing ...... inka soft landing ledhu bongu ledhu antunna DB doctors (from today onwards they become economists) 

[Rushabhi]

5 minutes ago, Spartan said:

startup lu band aite..jobs assam...job market lo flood aipotadi.

meta google nunchi startup plan chese vallaki bokka...funding and capitalists dorkaru to invest

Looks like startups will have a tough time. Only people who are hiring mostly are startups. Big tech assam. Startups Vaallaki cash flow lekapothe vaallu assam. Hard times for tech

[dallas_ear_rings]

5 minutes ago, ramudu said:

welcome to the ending , this is start of the hard landing ...... inka soft landing ledhu bongu ledhu antunna DB doctors (from today onwards they become economists) 

Anna nannu kooda add chesukondi.. venakalaundi

[dallas_ear_rings]

4 minutes ago, Rushabhi said:

Looks like startups will have a tough time. Only people who are hiring mostly are startups. Big tech assam. Startups Vaallaki cash flow lekapothe vaallu assam. Hard times for tech

I second that

[Spartan]

10 minutes ago, kevinUsa said:

examples chepu sitti 

which example.? Startup?

[dasari4kntr]

Four Biggest U.S. Banks Lose $47 Billion in Market Value

By Ben Eisen

SHARE

Share-price changesSource: FactSet

Citigroup Inc.JPMorgan Chase & Co.Wells Fargo & Co.Bank of America Corp.March 8March 9-10-8-6-4-202%

The four biggest U.S. banks lost $47 billion of market value in Thursday trading, part of a broad rout across financial stocks.

Bank investors were spooked by SVB Financial Group's decision to sell a large chunk of its securities portfolio at a $1.8 billion loss as it deals with an outflow of deposits, which more than halved the technology-focused bank's stock.

• JPMorgan lost about $20 billion in market value Thursday.
• Bank of America lost roughly $15 billion.
• Wells Fargo's market capitalization was down $8.5 billion.
• Citigroup's was down $3 billion.

The banking industry has more than $600 billion in unrealized losses on its securities holdings, according to the Federal Deposit Insurance Corp., the result of stowing extra cash in bonds when rates were super low. Now that rates have risen, the prices of the bonds have gone down significantly.

Banks likely won't have to sell their bonds at a loss unless they have big outflows of deposits. But fears of such losses combined to hammer the stocks.

Truist Financial, Charles Schwab, JPMorgan and Capital One Financial each have more than $10 billion in unrealized losses on securities that they classify as available for sale, according to Performance Trust Capital Partners, which advises banks on balance sheet strategy.

The KBW Nasdaq Bank index was on pace for its biggest decline in almost three years.

JPM

$130.16 USD-7.63-5.54%▼

BAC

$30.54 USD-2.02-6.22%▼

C

$48.60 USD-2.08-4.09%▼

WFC

$41.10 USD-2.73-6.24%▼

SIVB

$109.84 USD-157.99-58.99%▼

TFC

$41.66 USD-2.11-4.82%▼

SCHW

$66.15 USD-10.05-13.19%▼

COF

$101.29 USD-3.65-3.48%▼

[dasari4kntr]

ny court hearing coming up on CLO..

[ShruteSastry]

 

[Raja_Returns]

45 minutes ago, Rushabhi said:

Looks like startups will have a tough time. Only people who are hiring mostly are startups. Big tech assam. Startups Vaallaki cash flow lekapothe vaallu assam. Hard times for tech

oh my venkatesh maha

google 100, amazon 100 daggara 150 stocks konna ika biscuit ha ayete

[Variety_Pullayya]

malla covid tharvatha...ilanti beating chudaledu for bank stocks

[ramudu]

3 minutes ago, Raja_Returns said:

oh my venkatesh maha

google 100, amazon 100 daggara 150 stocks konna ika biscuit ha ayete

nuvvu inka bankrupt kaledha raa ayya ..... prathi thread lo eee stock high lo konna aa stock high lo konna ani sanubhuthi edupulu 

[Raja_Returns]

Just now, ramudu said:

nuvvu inka bankrupt kaledha raa ayya ..... prathi thread lo eee stock high lo konna aa stock high lo konna ani sanubhuthi edupulu 

sanubhuti free ne kada bro koncham supiyyaradu

nenu konnaka google 107 & amazon 110 ayendi kani inka peruguddi anukoni ammale.

[Manishican]

Fake news. Banks lo full hiring and promotions 

[kevinUsa]

1 hour ago, Spartan said:

which example.? Startup?

yes bro