NasdaqGS:PFBCBanks
How Rate Cut Hopes Have Shifted the Investment Narrative for Preferred Bank (PFBC)
Shares of Preferred Bank saw a noticeable lift after comments from New York Federal Reserve President John Williams about potential interest rate cuts raised the perceived likelihood of monetary policy easing.
This shift in outlook provided a boost for regional banks like Preferred Bank, which have been under pressure from high interest rates and concerns related to commercial real estate exposure.
With interest rate expectations shifting, we'll examine how improved sentiment for regional...