PGC Jun 2024 22.500 call

Moody's puts six regional banks on downgrade review

The regional banking sector is in focus on Friday as credit agency Moody's (MCO) has placed the ratings of six different US regional banks under review for a potential downgrade. Notable names such as Old National Bancorp (ONB), Peapack-Gladstone (PGC), and Fulton Financial (FULT) have been placed under review. Yahoo Finance's Madison Mills and Seana Smith break down the details. For more expert insight and the latest market action, click here to watch this full episode of Catalysts. This post was written by Angel Smith