Bank ETFs Soar on Trump Trade, September Rate Cut Bets
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Jul 18 2024
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Source: Benzinga
- U.S. Banks Rally: U.S. banks experienced a strong rally driven by bullish fundamentals, the possibility of Trump's return to the White House, and expectations of a Fed rate cut in September.
- ETF Performance: Bank ETFs surged to new highs with notable gains seen in funds like QABA, KBWR, KRE, KBE, and IAT, reflecting the positive sentiment towards the banking sector.
Analyst Views on QABA
Wall Street analysts forecast QABA stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for QABA is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
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Current: 61.199
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Current: 61.199
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About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
