Reported 19 days ago
US bank stocks experienced a notable increase on Thursday after the Federal Reserve announced a significant rate cut. Major banks like Goldman Sachs, Capital One, and Citigroup saw their shares rise over 3%, reflecting investor optimism that easing monetary policy will benefit both large and regional banks. While analysts caution that initial impacts may be negative for net interest income, longer-term projections remain positive, with the potential for economic growth to enhance asset quality.
Source: YAHOO