
Financials Up After Fed Statement - Financials Roundup

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Shares of banks and financial institutions rose after a Federal Reserve rate cut. Fed Chairman Jerome Powell noted improved economic growth and contained inflation. Oliver Pursche of Wealthspire sees a positive outlook for 2026. JPMorgan Chase is giving up to $1,000 to employees earning under $80,000. Aegon is moving to the U.S. to tap into the life-insurance and retirement-savings market.

