JPM, FRC: Catalysts Behind Regional Bank Weakness

JPMorgan (JPM) will have to work hard to retain a relationship with managers at First Republic Bank (FRC), notes Eric M. Corrigan. He discusses regional banks, as well as catalysts behind recent weakness in regional banks. He talks about how other banks are already targeting regional managers and customers of JPM and FRC. He goes over how the quality of mortgage loans is very high and only commercial might have losses longer-term. He mentions the potential for continued regional banking weakness, highlighting banks PacWest Bancorp (PACW), Western Alliance (WAL), Comerica (CMA), Zions Bancorp (ZION), and Keycorp (KEY). Tune in to find out more about the stock market today.