Dime Community (DCOM) Stock Jumps 5.6%: Will It Continue to Soar?

This is a positive development for banks that are already reeling under the Fed's aggressive monetary tightening. As the rates come down, so will banks' funding costs. Also, demand for loans is expected to improve. Hence, the investors turned bullish on banking sector stocks, driving DCOM higher. Dime Community (DCOM) shares soared 5.6% in the last trading session to close at $23.07. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock' ...