Western New England Bancorp (WNEB) Soars 9.0%: Is Further Upside Left in the Stock?

Shares of Western New England Bancorp have rallied for the fourth consecutive trading session. Encouraging inflation numbers and a rising unemployment rate are giving confidence to the Federal Reserve that prices will eventually come down toward the 2% target. So, market participants are predicting interest rate cuts as early as during the September FOMC meeting. This is a positive development for banks that have been reeling under the Fed's aggressive monetary tightening. As the rates come down, so will ba ...