1. Shares of First Republic were up sharply Tuesday as Regional Banks rebounded sharply from Monday's sell-off.
2. The stock was 57% higher in early trading and was one of the best-performing names in the SPDR S&P Regional Banking ETF (KRE) — which rose 11%.
3. Shares of other regional banks also surged. PacWest jumped 64%, KeyCorp gained 16% and Zions Bancorp advanced 17%.
4. Charles Schwab was also rebounding, gaining more than 14% after dropping nearly 12% on Monday.
5. Those moves come after regional banks fell sharply Monday, even after U.S. regulators took extraordinary measures to backstop all depositors in the now-failed Silicon Valley Bank.
6. The KRE suffered its biggest one-day loss since March 2020, tumbling 12.3%.
7. Executive Chairman Jim Herbert told CNBC’s Jim Cramer that the bank was not

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