NasdaqGS:CATYBanks
Cathay General Bancorp (CATY): Is the Recent Rally Justified by Current Valuation After Jackson Hole Optimism?
If you’ve been keeping an eye on Cathay General Bancorp (CATY), you likely noticed the recent surge in its stock price. This move came just after Federal Reserve Chair Jerome Powell’s comments at the Jackson Hole symposium, which signaled a possible change in interest rate policy. Powell’s hints at rate cuts breathed new life into regional banks, putting Cathay General Bancorp firmly in the spotlight for investors balancing income and growth considerations.
While the company did affirm...