WSFS (WSFS) Moves 7.1% Higher: Will This Strength Last?

WSFS Financial (WSFS) shares rallied 7.1% in the last trading session to close at $54.36. This move can be attributable to notable volume with a higher number of shares being traded than in a typical session. This compares to the stock's 15.3% gain over the past four weeks. This is a positive development for finance stocks that have been 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 inve ...