Your email has been successfully added to our mailing list.

×
0 0 0 0 0 0 0 0
Stock impact report

Powell's signal on rate cuts gives respite to CRE-heavy banks [Yahoo! Finance]

First Foundation Inc. (FFWM) 
Last first foundation inc. earnings: 4/22 05:00 pm Check Earnings Report
US:NASDAQ Investor Relations: investor.ff-inc.com
Company Research Source: Yahoo! Finance
The stock prices of community and regional banks with hefty exposures to the highly scrutinized CRE sector shot up by as much as 11% — substantially outpacing a 2.25% rise in the KBW Nasdaq Bank Index, which broadly tracks bank stocks. The prospect of easier monetary policy suggests both that funding costs at CRE-heavy banks may decrease and that their heaps of property loans may become less risky. Investors flocked to real estate-focused banks — including Eagle Bancorp, Dime Community Bank, New York Community Bancorp, First Foundation and Valley National Bancorp — that they have eschewed for months amid fears of outsize losses. Powell said in a Friday morning speech that after the Fed maintained rates at a two-decade high of between 5.25% and 5.5% for more than a year, a change is coming. "The time has come for policy to adjust," Powell said at the Federal Reserve Bank of Kansas City's Jackson Hole Economic Symposium. "The direction of travel is clear, and the timing and pace Show less Read more
Impact Snapshot
Event Time:
FFWM
Last Price
Price Change
Price Change%
Volume Shares
Max Up
Max Down
%
Volume Ratio
Performance Comparison Updated
Event Day
Stock performance from the time of news release until the following 4pm ET market close
Last price at news event
Since Event
Multi-day stock performance from the time of the news release
EVENT DAY
Stock performance from the time of news release until the following 4pm ET market close
LAST
PRICE AT
NEWS EVENT
SINCE EVENT
Multi-day stock performance from the time of the news release
Last Price
VWAP
High:
Max Up
High:
Low:
Max Down
Low:
%
Post news range
%
Price change

Price Change Percentage


S&P 500
(SPX)

%

Volume ratio
%

Volume
Ticks

Avg transaction size

Don't Miss Out On The Next BIG Stock Move
Event day
Event Day Chart will not be displayed beyond 90-day period of the event
Performance since event
Time And Velocity Analysis
Opt-in for FFWM alerts
Opt-in for
FFWM alerts

from News Quantified
Opt-in for
FFWM alerts

from News Quantified