NasdaqGS:FIBKBanks
First Interstate BancSystem (FIBK): Reassessing Valuation After Fed Rate Cut Hopes Lift Regional Bank Stocks
If you own shares of First Interstate BancSystem (FIBK), or you are thinking about getting in, last week’s Fed news may have caught your attention. Fed Chair Jerome Powell’s unexpectedly dovish tone at the Jackson Hole symposium shifted the market’s interest rate expectations and opened the door for potential cuts in the coming months. For regional banks like First Interstate BancSystem, which have felt the squeeze from persistent high rates, this pivot triggered a wave of optimism and a...