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» » Banks Struggled With Higher Rates, but They Might Come to Miss Them - The Wall Street Journal

Banks Struggled With Higher Rates, but They Might Come to Miss Them - The Wall Street Journal

If rates start to drop later next year, the runway of enhanced interest earnings for banks like Bank of America gets even shorter.Photo: Sergio Flores/Bloomberg News

In 2023, higher interest rates hit lenders on both sides of the ledger, raising deposit costs and decreasing the value of their bond portfolios. For some regional lenders,

the squeeze was so acute it sparked fatal bank runs.

Even after a recent rally, the KBW Nasdaq Bank index is down more than 4% this year, underperforming the S&P 500 by more than 25 percentage points. So investors might be primed to jump back into bank stocks now that the Federal Reserve looks poised to start cutting rates next year.

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Banks Struggled With Higher Rates, but They Might Come to Miss Them - The Wall Street Journal
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