Midwest Banks Profit From Rebounding Housing Market
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Regional banks that cater to single-family homeowners will benefit from a rebounding housing market.
Banks like Capitol Federal Financial (NASDAQ: CFFN), UMB Financial Corp. (NASDAQ:UMBF) and Commerce Bancshares (NASDAQ: CBSH) will benefit as Midwest consumers take advantage of low-interest rates to upgrade their housing situation.
All three banks operate in the Midwest, where unemployment rates are lower than the national average, and housing markets have seen improvement from a year ago.