The Fed Just Lowered Interest Rates. Here's 1 Bank Stock to Buy.

The Federal Reserve granted the market its wish and lowered its benchmark federal funds rate by 50 basis points.For the first time in more than four years, the Federal Reserve has lowered the target range for its benchmark federal funds rate, announcing a half-point rate cut on Wednesday. Lower interest rates can serve as a shot of adrenaline for stocks, because lower treasury yields make riskier assets more appealing.Banks and other financial companies should benefit too, as long as there isn't a severe re ...