Shares of banking stocks are trading higher following a softer-than-expected May CPI Report. Also, the Fed left rates unchanged.
Portfolio Pulse from Benzinga Newsdesk
Shares of banking stocks are trading higher following a softer-than-expected May CPI Report. Additionally, the Federal Reserve has left interest rates unchanged.
June 12, 2024 | 7:00 pm
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POSITIVE IMPACT
BHRB shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like BHRB. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
CFG shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like CFG. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
KEY shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like KEY. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
LYG shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like LYG. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
MTB shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like MTB. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
NWG shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like NWG. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
RF shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like RF. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
SHG shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like SHG. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
USB shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like USB. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80
POSITIVE IMPACT
WAL shares are trading higher due to a softer-than-expected May CPI Report and the Fed's decision to leave rates unchanged.
The softer CPI report suggests lower inflation, which is positive for banking stocks like WAL. Additionally, unchanged interest rates by the Fed provide a stable environment for banking operations.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 80