Post-Rate Cut Rally: 3 Bank Stocks to Watch as They Hit New Highs
Key Takeaways Citigroup projects 4% NII growth for 2025 and targets 2.5B in annual savings by 2026. Bank of America expects 6-7% NII growth for 2025 and plans 150 financial centers by 2027.Citizens Financial expects NII to rise 3-5% and targets 16-18% return on tangible equity by 2027.Yesterday, at the end of a two-day FOMC meeting, the Federal Reserve reduced its benchmark interest rate by 25 basis points to 4.00-4.25%, marking the first interest rate reduction since December 2024. The Fed also signale ...