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Stock impact report

2 Top-Ranked Banks Stocks to Buy on a Red-Hot November Rally [Yahoo! Finance]

Bank OZK (OZK) 
Last bank ozk earnings: 4/23 04:01 pm Check Earnings Report
Company Research Source: Yahoo! Finance
Even yesterday, the rally continued. The month started with the Federal Reserve announcing no change in the interest rates after its two-day FOMC meeting. Currently, the interest rates stand at a 22-year high of 5.25-5.5%. Last month's inflation numbers (showing further cooling down) reinforced investors' confidence that the central bank is done raising rates. This also fueled hopes of a ‘soft landing' in the U.S. economy. Stocks are on a tear. In November, the S&P 500 is up 7.3%, while the Dow has gained 5.6%. The tech-heavy Nasdaq has jumped 9.4%. Even the bank stocks, which were laggards since the start of the year, are getting investor attention. Thus, one can bet on fundamentally solid lenders – Wintrust Financial Corporation WTFC and Bank OZK OZK – for good returns. Before we discuss these two bank stocks in detail, let's try to understand the reasons behind this rally in bank stocks in November. With the Fed turning ultra-aggressive to tame persistent inflation, banks f Show less Read more
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