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0 0 0.0110578695171396 0.00587172871360111 0.00442314780685578 -0.00921857722078879 -0.0187983781791375 -0.00995208256542571
Stock impact report

Strength Seen in Northeast Community Bancorp (NECB): Can Its 6.6% Jump Turn into More Strength? [Yahoo! Finance]

NorthEast Community Bancorp, Inc. (NECB) 
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 17% gain over the past four weeks. Shares of Northeast Community Bancorp rallied for the third consecutive trading session and touched a new 52-week of $27.42 on Friday. The banking sector is in the spotlight driven by the clarity on the Federal Reserve's monetary policy. With the central bank cutting interest rates, loan demand will improve. Further, deposit/funding costs are expected to come down gradually. These favorable developments are leading to positive investor sentiments. Hence, this drove the NECB stock higher. This bank holding company is expected to post quarterly earnings of $0.91 per share in its upcoming report, which represents a year-over-year change of +13.8%. Revenues are expected to be $26.53 million, up 4.7% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the po Show less Read more
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