Texas Capital (TCBI) Surges 5.1%: Is This an Indication of Further Gains?

Texas Capital (TCBI) shares ended the last trading session 5.1% higher at $76.05. The jump came on an impressive volume with a higher-than-average number of shares changing hands in the session. This compares to the stock's 0.3% loss over the past four weeks.Solid job market data has pushed interest rate cut expectations to the later part of the year. Hence, higher interest rates for a longer time are likely to support banks’ net interest income and margin. Hence, investors turned optimistic toward Texas Ca ...