Rate Cut Shockwaves: Which Bank Stocks Will Rise or Fall?
Bank of America(BAC) MarketBeat·2024-09-24 19:30
When interest rate-cutting cycles hit the stock market, investors typically assume that they will positively affect most stocks, but that’s just not the case. Some could benefit, such as consumer discretionary names and others in the energy sector, considering that consumer and business activity tends to rise after cuts.However, those who are directly related to the financial sector, like banking stocks, see the effects of interest rate cuts get to them before anyone else. For this reason, investors should ...