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WSFS Financial (WSFS) shares soared 7% in the last trading session to close at $49.24. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock's 7.9% loss over the past four weeks.
WSFS Financial witnessed a notable surge in its stock price following Trump’s announcement on April 9, 2025, of a 90-day pause on reciprocal tariffs for most trading partners, excluding China. The tariff pause reduced immediate fears of a trade war, fostering a more favorable economic outlook. This optimism boosted investor confidence in the financial sector stocks, like WSFS.
This bank holding company is expected to post quarterly earnings of $1.04 per share in its upcoming report, which represents a year-over-year change of -6.3%. Revenues are expected to be $260.71 million, up 3.8% from the year-ago quarter.
While earnings and revenue growth expectations are important in evaluating the potential strength in a stock, empirical research shows a strong correlation between trends in earnings estimate revisions and near-term stock price movements.
For WSFS, the consensus EPS estimate for the quarter has remained unchanged over the last 30 days. And a stock's price usually doesn't keep moving higher in the absence of any trend in earnings estimate revisions. So, make sure to keep an eye on WSFS going forward to see if this recent jump can turn into more strength down the road.
The stock currently carries a Zacks Rank #2 (Buy). You can see the complete list of today's Zacks Rank #1 (Strong Buy) stocks here >>>>
WSFS is part of the Zacks Financial - Savings and Loan industry. Northfield Bancorp (NFBK), another stock in the same industry, closed the last trading session 4.5% higher at $10.29. NFBK has returned -10.1% in the past month.
For Northfield , the consensus EPS estimate for the upcoming report has remained unchanged over the past month at $0.18. This represents a change of +20% from what the company reported a year ago. Northfield currently has a Zacks Rank of #3 (Hold).
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WSFS Financial Corporation (WSFS) : Free Stock Analysis Report
Northfield Bancorp, Inc. (NFBK) : Free Stock Analysis Report
This article originally published on Zacks Investment Research (zacks.com).