3 Major Regional Banks to Buy on Economic Growth, High Rates

The Zacks Major Regional Banks will benefit from high rates as net interest income (NII) continues to rise, despite increasing funding costs and weakening loan demand putting a strain on net interest margin (NIM) expansion. Solid economic growth will also support banks’ financials in the near term.Business restructuring/expansion initiatives and digitization will offer support. While weakening asset quality is now likely to exert some pressure on the financials, major banks like JPMorgan Chase & Co. (JPM) , ...