2024-05-17 05:54:59 ET
Summary
- The outlook for all three loan segments, residential real estate, consumer, and commercial, is positive thanks to the regional economy.
- Upcoming interest rate cuts will boost the margin, as deposits will re-price faster than loans. Additionally, rate cuts can pause deposit mix deterioration.
- The December 2024 target price suggests a moderately high price upside. Further, AROW is offering a good dividend yield.
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Arrow Financial: Earnings Likely To Jump Thanks To Loan Growth And Margin Expansion