Regional banking services provider BOK Financial Corporation (BOKF, Financial) also traded higher, as reflation themesin the marketplace raised interest rate expectations, boosting positive net-interest-margin trends. Additionally, the company continued to report solid loan growth along with tight expense controls, providing a tailwind for shares. Looking ahead, we believe BOKF’s strong underwriting standards, diversified business model (which includes banking and fee service businesses), and experienced management team continue to present a long-term opportunity.
From John Rogers (Trades, Portfolio)' Ariel Fund third-quarter 2022 commentary.
