3 Stocks From the Prospering Major Regional Banks Industry
JPMJP MORGAN CHASE(JPM) ZACKS·2024-08-06 21:40

The Zacks Major Regional Banks will benefit from the Federal Reserve’s interest rate cuts as the deposit costs come down and the industry-wide lending backdrop improves. Further, a decent economic expansion will boost the industry players’ net interest income (NII) and margins.Business restructuring/expansion initiatives and digitization will offer support. Though weakening asset quality is likely to exert pressure on the financials to some extent, major banks like JPMorgan Chase & Co. (JPM) , U.S. Bancorp ...