Published on 11 Apr 2022 on Zacks via Yahoo Finance
The Zacks Savings and Loan industry is expected to fire on all cylinders with the Federal Reserve’s interest rate hike, robust economic growth and the recovery in consumer spending levels. These are anticipated to aid loan growth, providing much-needed support.
Further, digitization efforts and a flurry of consolidations in a bid to remain relevant will help companies like Provident Financial Services, Inc. PFS,OceanFirst Financial Corp. OCFC and HomeStreet, Inc. HMST emerge strong.
Industry Description