With Regional banks (KRE) up 2.0%, this looks like a sector-led move rather than a company-specific surprise.
Regional bank stocks, as measured by the KRE ETF, are trading significantly higher in today's session. The primary driver appears to be a broad market rally following the results of the U.S. midterm elections, where Democrats secured control of both the Senate and House of Representatives. This outcome has been interpreted by the market as a positive catalyst, leading to widespread gains across various sectors, including a notable 2.8% leap in bank stocks.