US Banks Rise Post-Rate Cut
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Investment banks Goldman SachsReuters
•US bank stocks rise as jumbo rate cut eases default risk, cost concerns
79% Informative
Federal Reserve cut interest rates by 50 basis points on Thursday .
Lower rates are expected to reduce deposit costs and ease pressure on borrowers.
JPMorgan ( JPM ), the largest US bank by assets and the sector's bellwether, was last trading 1.3% higher.
Regional banks expected to benefit more from rate cuts, compared with larger rivals.
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