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Fly News Breaks for July 8, 2019
CBSH
Jul 8, 2019 | 08:40 EDT
As previously reported, Raymond James analyst William Wallace downgraded Commerce Bancshares to Underperform from Market Perform. Wallace expects the Fed to cut interest rates twice in 2019 which will result in NIM headwinds, lower short-term rates on its commercial loan portfolio, and lower long-term rates on its securities.
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