NEW YORK -- The likelihood of a widespread cut in the prime rate appears to be fading fast, to the relief of investors in bank stocks.

After plunging 2.66% on Monday and another 0.97% Tuesday, the American Banker index of 225 bank stocks edged up 0.36% on Wednesday and was up 0.35% at 2 p.m. on Thursday.

Limited Time Offer

Save $400 off your subscription. Special offer ends April 30, 2017.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.