Interest Rates No Higher, Bank Stocks On Fire?

With the Federal Reserve having just signaled that no interest rate hikes are now expected this year (down from the two hikes that were previously forecast for 2019), why would this be a bullish environment for bank stocks (given that higher interest rates tend to be a boon for those that lend money)? Today’s article looks at why, while “this isn’t often a bullish backdrop for big bank stocks…it is now.” For more on this potential “banks on fire” trade, CLICK HERE.