US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve, a sign of bullishness among investors who now expect an easing of...
US bank stocks surged Thursday following a jumbo rate cut from the Federal Reserve , a sign of bullishness among investors who now expect an easing of monetary policy will boost Wall Street giants and smaller regional lenders., when a soft landing for the US economy and the beginning of a rate-cutting cycle sparked one of the best multi-year periods for banks in US history.
"We expect their deposit costs to reprice downward more slowly than their loan yields, constraining net interest income, which is most banks’ largest revenue source," analysts for Moody’s Ratings said in a note earlier this week. Over time a lower federal funds rate will "ignite" demand from commercial borrowers, as those cuts reduce the uncertainty over the economy and what borrowers will pay, Steven Alexopoulos, a JPMorgan analyst covering mid and small cap banks said in a Thursday note.Better your balance with the best yoga blocks of 2024, tested and reviewed
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