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Amid sustained positive momentum in US regional bank stocks, UMB Financial shares reached an all-time high of $145.73, according to data from Investing.com. Amerant Bancorp also climbed to a 52-week high of $26.14, reflecting improved sentiment towards the sector.
These moves came against a backdrop of strong US economic data, with GDP growing 2.1% in the second quarter (per June 25 data), beating expectations, and personal spending rising 0.7%, supporting bank earnings outlook. Recent Fed stress test results also showed sector resilience, boosting investor confidence.
As the second-quarter bank earnings season approaches, investors await UMB Financial and Amerant Bancorp reports to assess their benefit from elevated interest rates and economic growth. The new resistance levels may attract trader attention if momentum continues.
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