A number of stocks jumped in the afternoon session after the major indices rebounded, as Fed Chair Jerome Powell delivered dovish remarks at the much-awaited Jackson Hole symposium. Powell suggested that with inflation risks moderating and unemployment remaining low, the Federal Reserve might consider a shift in its monetary policy stance, including potential interest rate cuts. This outlook eased market concerns about prolonged high interest rates and their impact on economic growth. The prospect of lower borrowing costs bolstered investor confidence, particularly in sectors that have lagged, leading to a broad rally across the market.
Banks use their capital and expertise to help businesses grow while offering consumers essential financial products like mortgages and credit cards. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 7.8% over the past six months. This drawdown is a far cry from the S&P 500’s 5.3% ascent.
The Russell 2000 (^RUT) is packed with potential breakout stocks, thanks to its focus on smaller companies with high growth potential.
However, smaller size also means these businesses often lack the resilience and financial flexibility of large-cap firms, making careful selection crucial.
A number of stocks fell in the morning session after a surprisingly weak July jobs report and the announcement of sweeping new tariffs fueled fears of an economic slowdown and an impending interest rate cut.
Wall Street is overwhelmingly bullish on the stocks in this article, with price targets suggesting significant upside potential.
However, it’s worth remembering that analysts rarely issue sell ratings, partly because their firms often seek other business from the same companies they cover.
Regional bank holding company Berkshire Hills Bancorp (NYSE:BHLB) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.6% year on year to $113.7 million. Its GAAP profit of $0.66 per share was 17.9% above analysts’ consensus estimates.
Berkshire Hills Bancorp (BHLB) Q2 earnings beat estimates with $0.69 EPS, up 23.2%, but shares dipped slightly pre-market. Revenue hit $113.7M, matching forecasts. Read more for key insights.
Regional bank holding company Berkshire Hills Bancorp (NYSE:BHLB) met Wall Street’s revenue expectations in Q2 CY2025, with sales up 4.6% year on year to $113.7 million. Its GAAP profit of $0.69 per share was 23.2% above analysts’ consensus estimates.
Regional bank holding company Berkshire Hills Bancorp (NYSE:BHLB) will be reporting earnings this Thursday before the bell. Here’s what investors should know.
Regional bank holding company Berkshire Hills Bancorp (NYSE:BHLB) reported revenue ahead of Wall Street’s expectations in Q1 CY2025, with sales up 4.7% year on year to $110.4 million. Its non-GAAP profit of $0.60 per share was 14.3% above analysts’ consensus estimates.
Banks play a critical role in the financial system, providing everything from commercial loans to wealth management and payment processing services. Still, investors are uneasy as banks face challenges from credit quality concerns and potential regulatory changes.
These doubts have caused the industry to lag recently as banking stocks have collectively shed 10.1% over the past six months. This drawdown was disheartening since the S&P 500 held its ground.
BHLB stock results show that Berkshire Hills Bancorp beat analyst estimates for earnings per share but missed on revenue for the second quarter of 2024.
BHLB stock results show that Berkshire Hills Bancorp beat analyst estimates for earnings per share but missed on revenue for the first quarter of 2024.
