US borrowers to get quick relief as Fed cuts rates, analysts say [Yahoo! Finance]
TransUnion (TRU)
Last transunion earnings: 4/28 06:50 am
Check Earnings Report
US:NYSE Investor Relations:
investors.transunion.com
Company Research
Source: Yahoo! Finance
NEW YORK (Reuters) - U.S. consumers are expected to get a quick reprieve on borrowing costs from banks after the Federal Reserve cut interest rates on Wednesday for the first time in more than four years, analysts said. Lenders tightened lending standards last year as the commercial real estate market deteriorated and investors became broadly concerned about the potential for a U.S. recession. But banks could switch gears quickly after the Fed cut rates by half of a percentage point. "Borrowing rates are more competitive than deposit rates and they are more likely to move with the market," said Jay Hatfield, CEO of Infrastructure Capital Advisors. "We would expect both deposit and lending rates to come down pretty quickly," as banks compete to attract deposits and seek profits from loans, he said. U.S. lenders' net charge-off rates for credit cards, or the amount banks did not expect to collect on the loans, rose to 4.82% in the second quarter, the highest since 2011. But ban
Show less
Read more
Impact Snapshot
Event Time:
TRU
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
Be the first to know
Opt in for alerts from News Quantifed
Sign Up Today
Opt-in for
TRU alerts
Learn More With NQ
Reading the Impact Report
Help Me Understand This Data
Help Me Understand This Data
How NQ Works
What is news-based trading?
And why is it so successful?
And why is it so successful?
Movers & Shakers
The biggest gainers and losers and WHY it moved
TRU alerts
High impacting TransUnion news events
Weekly update
A roundup of the hottest topics
TRU
News
- TransUnion (NYSE:TRU) delivers shareholders decent 38% return over 1 year, surging 3.0% in the last week alone [Yahoo! Finance]Yahoo! Finance
- US bank stocks rise as jumbo rate cut eases default risk, cost concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- US bank stocks rise as jumbo rate cut eases default risk, cost concerns [Yahoo! Finance]Yahoo! Finance
- US bank stocks rise as jumbo rate cut eases default risk, cost concerns [Yahoo! Finance Canada]Yahoo! Finance Canada
- Fed cuts interest rates for first time in 4 years – here's what that means for your wallet [FOX Business Network]FOX Business Network
TRU
Earnings
- 7/25/24 - Beat
TRU
Sec Filings
- 9/17/24 - Form 4
- 9/13/24 - Form 144
- 9/5/24 - Form 4
- TRU's page on the SEC website