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Home/News Feed/Market uncertainty and Middle East war cause March equity downturn; banks outperform, First Internet Bancorp cheapest bank.
PATH
$12.00
+$0.05 +0.42%

Market uncertainty and Middle East war cause March equity downturn; banks outperform, First Internet Bancorp cheapest bank.

Market News
07 Apr 2026
Seeking Alpha
View Source
Neutral
pluang ai news

In March, global equities broadly declined due to market uncertainty worsened by the Middle East conflict. Despite the downturn, financial stocks, especially banks, showed relative resilience compared to other sectors. Among 205 banks analyzed, First Internet Bancorp remained the least expensive bank for the second month, with a price-to-adjusted tangible book value of 51.3% as of March 31. Meanwhile, Pathward Financial Inc. and The Bancorp Inc. continued to be the most expensive banks for the third consecutive month. This performance highlights the cautious investor sentiment amid geopolitical tensions and sector-specific valuation differences.

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