Earlier this month, the Federal Reserve slashed interest rates by 50 basis points at its September Federal Open Market Committee meeting, lowering the federal funds rate in the range of 4.75%-5%. The Fed also hinted at the potential for additional cuts in the coming months,

CFOs have navigated economic uncertainty, inflation, and high interest rates over the past few years. But the Federal Reserve announced last week a 50 basis point cut to its benchmark interest rate, which is the first rate cut in four years.

Historically, once the Fed starts lowering rates, value stocks outperform growth stocks, and defensive stocks outperform cyclicals. But that has generally happened when the Fed cu

The macroeconomic backdrop, combined with cheap valuations, should leave plenty of room for bank stocks to gain.