First Republic, PacWest Lead US Bank Rebound From Post-SVB Rout

Regional US bank stocks rallied on Tuesday, set to claw back some losses from the six-day selloff seen in the wake of Silicon Valley Bank’s collapse.

First Republic Bank jumped as much as 28% in US premarket trading, after a record 62% plunge on Monday.

PacWest Bancorp surged 40% and Western Alliance Bank rose 22%.

Bigger lenders such as Bank of America Corp. and Citigroup Inc. also advanced.