Banks rebound with shares rising by 50% after dramatic plunges

The banks rebounded in premarket trading this morning with shares rising up to 50 percent after dramatic slides yesterday that sparked contagion fears over

Regional banks that suffered in yesterday's bloodbath were First Republic Bank leapt as much as 51 percent in premarket action after a record 62 percent drop. PacWest climbed 40 percent and Western Alliance rose 22 percent.

The Big Four of trillion-dollar banks were all trending higher. Bank of America was ticking over 3.6 percent, Citigroup moved north of 2.5 percent, JP Morgan Chase hiked 1.9 percent and Wells Fargo made a 3.2 percent stride to the good.

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