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Stock impact report

Strength Seen in BayCom Corp (BCML): Can Its 6.4% Jump Turn into More Strength? [Yahoo! Finance]

BayCom Corp (BCML) 
Company Research Source: Yahoo! Finance
This compares to the stock's 8.5% gain over the past four weeks. Shares of BayCom Corp extended their rally for a third straight session on Friday, climbing to a fresh 52-week high of $32.98. Investor sentiment toward bank stocks has strengthened after the Federal Reserve delivered its third interest-rate cut of the year, a move expected to revive loan demand and ease funding costs. Together, these factors are likely to bolster banks' profitability, and BayCom Corp is a clear beneficiary of the renewed optimism, with BCML stock riding the broader sector upswing. This company is expected to post quarterly earnings of $0.65 per share in its upcoming report, which represents a year-over-year change of +18.2%. Revenues are expected to be $26.3 million, up 11.2% from the year-ago quarter. Earnings and revenue growth expectations certainly give a good sense of the potential strength in a stock, but empirical research shows that trends in earnings estimate revisions are strongly correl Show less Read more
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