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Stock impact report

CB Financial Services (CBFV) Stock Jumps 5.4%: Will It Continue to Soar? [Yahoo! Finance]

CB Financial Services, Inc. (CBFV) 
US:NASDAQ Investor Relations: communitybank.tv/investor-relations.htm
Company Research Source: Yahoo! Finance
This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 13% gain over the past four weeks. Shares of CBFV rallied for the second straight trading session and touched a new 52-week high of $29.39 on Friday. The recent 50 basis points interest rate cut by the Federal Reserve led to an increased optimism among investors towards banks. As rates go down, loan demand is expected to improve alongside lower deposit cost pressures. These indicate enhanced prospects for profitability in the near term. This drove the CBFV stock higher. This holding company for Pennsylvania-based Community Bank is expected to post quarterly earnings of $0.52 per share in its upcoming report, which represents no change from the year-ago quarter. Revenues are expected to be $12.6 million, down 4% from the year-ago quarter. While earnings and revenue growth expectations are important in evaluating the potential strength Show less Read more
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