Yield Curve, Tariffs Still Driving Bank Stock Valuations.

We got the big news everyone was expecting on Wednesday, with the FOMC cutting rates 25 bps. This move comes on the last day of a month with economic reports pointing in different directions. There were still a number of economic reports showing slower growth, but other reports that showed a rebound from lower numbers. Trade policy remains a significant driver of investor sentiment, and the recent conclusion of trade talks with China without an agreement are not encouraging.

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Media Contact: Joseph Gladue, CFA, PRM

Joseph Gladue has over 30 years industry experience with over 25 years focused on banking research. Mr. Gladue was Director of Research at several firms including Cohen & Company and Merion Capital Group. Previously he was a senior research analyst at B. Riley and worked in finance at Bank of the Internet. Joe has covered small and mid-cap banks across the US and has also follow companies in other financial service industries. Joe also provides his banking expertise in the asset management arena for Bluestone Capital Partners. Joe can be reached at jgladue@aldensecurities.com, 215-572-8700.

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