Bank share prices have bounced back so sharply on the expectation that the Federal Reserve's rate cutting campaign will boost profit margins that some see another wave of consolidation shaping up.

After the Fed announced its third rate cut in two months Tuesday afternoon, investors snapped up bank stocks, driving them higher even as blue chip stocks fell.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

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