Independent Bank Shares Surge on Fed Rate Cut Hopes

Stocks for Independent Bank and Old National Bank surged this week, with a nearly five percent increase in share prices, following optimistic comments from a Federal Reserve official about a potential interest rate cut. Independent Banks strong earnings and positive outlook, including a new stock repurchase plan, contributed to its impressive performance.The Daily News Now! — Every city. Every story. AI-powered. Hosted on Acast. See acast.com/privacy for more information.