“Six North Carolina-based banks gained more than 5% last week, ranking among the best performing Carolinas-based stocks included in the Capital Investment Cos./Nottingham index of public companies for the week that ended Nov.7. Investors are bidding up bank stocks because of expectations that interest rates will rise due to Trump administration policies. Higher rates typically increase the spread between interest paid on deposits and received on loans, which is a dominant portion of bank profits. The Trump administration is also expected to revise some of the regulatory pressures that banks have complained about in recent years.”
