NYSE:PFSBanks
Why Provident Financial Services (PFS) Is Up 5.3% After Fed Signals Rate Cut Hopes and Upbeat Analyst Outlook
Provident Financial Services, along with several regional bank peers, saw increased investor interest following dovish comments from Federal Reserve Chair Jerome Powell at the recent Jackson Hole symposium, signaling the possibility of future interest rate cuts amid moderating inflation and low unemployment.
Further supporting sentiment, analysts raised earnings estimates for Provident Financial Services over the last 60 days and assigned it a top Zacks Rank, highlighting a shift in outlook...