NasdaqGS:ONBBanks
Old National Bancorp (ONB): Reassessing Valuation After Fed Rate Cut Fuels Regional Bank Rebound
Old National Bancorp (ONB) just caught a tailwind from the Federal Reserve’s latest 25 basis point rate cut, with shares climbing about 5% as investors rotated back into regional banks on easing expectations.
See our latest analysis for Old National Bancorp.
That Fed driven bounce comes on top of a solid run, with an approximately 10% 1 month share price return and a near 67% five year total shareholder return. This suggests momentum is gradually rebuilding around Old National’s earnings and...