Stocks Soar on Interest Rate Hopes: PennyMac and Franklin BSP Shares Jump
ByAinvest
Friday, Nov 21, 2025 6:29 pm ET1min read
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PennyMac Financial Services and Franklin BSP Realty Trust shares surged after NY Federal Reserve President John Williams' comments boosted hopes for an interest rate cut. PennyMac Financial Services jumped 2.7%, while Franklin BSP Realty Trust rose 2.6%. The stocks are not very volatile, but the market considers this news meaningful, although it might not fundamentally change its perception of the business. PennyMac Financial Services is up 26.6% this year and is trading near its 52-week high.
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