In the absence of a buyout, it doesn’t mean a complete failure nor a complete recovery. That 1.5 PE was the past before they lost a ton of deposits and maybe had to swallow a bunch of losses.

I doubt this goes to old highs so upside is limited, IMO, until they report earnings and analysts understand the extent of the hit.

The Feds (FDIC, Treasury, and Federal Reserve) do not want to see it fail either, they’re backstopping losses (but no one knows the cost) so if it makes it through this week at least, the odds are it’s not going to fail. It’s going to take months to figure out what its true value is.