NYSE:BBTBanks
Evaluating Berkshire Hills Bancorp’s (BHLB) Valuation After Fed Signals Spark Regional Bank Rally
It is hard to ignore Berkshire Hills Bancorp (BHLB) after what just happened. Federal Reserve Chair Jerome Powell’s comments at the Jackson Hole symposium sent a clear message that the central bank sees moderating inflation ahead and is open to the idea of interest rate cuts. That sparked a broad rally across regional banks and put fresh wind in Berkshire Hills Bancorp’s sails, as investors bet on better days for lending margins and sector valuations if borrowing costs ease.
Looking at the...