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Bank stocks could jump after the Fed cut interest rates. That’s according to Wells Fargo (NYSE: WFC). The bank revealed in a new note to clients that historical data shows these stocks often jump into the Fed’s first rate cut. In the last six cycles, they dipped briefly after the move. But in cases where the economy pulled off a soft landing… Bank stocks went on to rally 21% from their lows. In contrast, when cuts came before a recession… Bank stocks weakened and kept sliding through the quarter. Some bank stocks are already seeing momentum, such as… Invesco KBW Bank ETF (NASDAQ: KBWB), Goldman Sachs (NYSE: GS), Morgan Stanley (NYSE: MS) and Bank of America (NYSE: BAC). Ian Wyatt
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