Columbia Banking (COLB) Moves 6.9% Higher: Will This Strength Last?
Columbia Banking (COLB) shares soared 6.9% in the last trading session to close at $22.21. The move was backed by solid volume with far more shares changing hands than in a normal session. This compares to the stock’s 13% loss over the past four weeks.
Columbia Banking stock surged amid a broad market rally, spurred by President Donald Trump’s announcement of a 90-day tariff pause for non-retaliating nations. The news boosted investor confidence, fueling a sharp uptick in COLB shares.
This bank holding company is expected to post quarterly earnings of $0.63 per share in its upcoming report, which represents a year-over-year change of -3.1%. Revenues are expected to be $481.3 million, up 1.6% from the year-ago quarter.
Earnings…
