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CADE - Cadence Bancorpation: Loan Losses Derail Its Growth Story
Cadence Bancorporation Class A
If you've read more than a few of my articles over the past few months, you know that I am finding tremendous value in the banking sector lately. I believe that the market is overreacting to the swing in the economic outlook and Fed policy. We've gone from more Fed rate hikes as recently as last December to 10 and 30 year treasury yields absolutely collapsing over the past month. As I write this, 30 year treasury yields just sunk below 2% for the first time ever.
Investors have vertigo, and not surprisingly, they've dumped