Old National Bancorp (ONB) Moves 9.8% Higher: Will This Strength Last?

Group 1 - Old National Bancorp (ONB) shares increased by 9.8% to $19.70, following a significant trading volume, contrasting with a 10.8% loss over the previous four weeks [1][2] - The stock surge was influenced by President Trump's announcement of a 90-day tariff pause for non-retaliating nations, which positively impacted investor sentiment [2] - Old National Bancorp is projected to report quarterly earnings of $0.42 per share, reflecting a year-over-year decline of 6.7%, while revenues are expected to reach $478.3 million, an increase of 8.7% from the prior year [2] Group 2 - The consensus EPS estimate for Old National Bancorp has been revised 4.4% higher in the last 30 days, indicating a potential for price appreciation [4] - The stock holds a Zacks Rank of 2 (Buy), suggesting a favorable outlook compared to other stocks in the same industry [4] - Independent Bank, a peer in the Midwest banking industry, saw its stock rise by 4.5% to $29.84, but has experienced a -5.4% return over the past month [4]