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Stock impact report

3 Bank Stocks Most Wall Street Analysts are Bullish About [Yahoo! Finance]

Community Trust Bancorp, Inc. (CTBI) 
Last community trust bancorp, inc. earnings: 4/22 08:00 am Check Earnings Report
US:NASDAQ Investor Relations: investors.ctbi.com
Company Research Source: Yahoo! Finance
Many economists and market participants projected six to seven rate cuts as inflation continued to cool. However, as the year progressed, inflation struggled to reach the Fed's target of 2%, leading to decreased bets on rate cuts. Since September, the central bank has lowered rates by 75 basis points (bps), and another 25-bps cut is likely to be announced next week. Bank stocks remained in the spotlight throughout the year, driven by a keen focus on the interest rate cut trajectory. Additionally, the U.S. economy continued to grow at a solid pace while the job market tightened. The operating environment improved and demand for loans witnessed a decent rise. Further, several banks undertook many measures to rely less on spread income to generate top-line growth. With bank stocks in the spotlight, picking a fundamentally strong company and generating returns becomes difficult. Hence, investors can bet on — Community Trust Bancorp, Inc. CTBI, East West Bancorp EWBC and QCR Holdings, Show less Read more
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