Cropped 04032020

Welcome to Peapack-Gladstone Bank

Welcome to Peapack-Gladstone Bank

Cropped 04032020

Welcome to Peapack-Gladstone Bank

Welcome to Peapack-Gladstone Bank

IMPORTANT PPP 2.0 UPDATES 


All branch locations are open with fully operational drive-up and ATM services ONLY.
All lobbies remain closed.

Do you need to visit a branch to conduct a transaction?  Access your safe deposit box?  Schedule an appointment online.  It's easy!  Would you like to open an account remotely?  No problem, we can help using Zoom or you can open an account online with our quick and easy online application.

Schedule an Appointment     or     Open An Account


The Weekly Economic & Market Recap      

January 15, 2021

The S&P 500 finished the week lower after the major indexes posted solid gains in the first week of 2021. The weakness comes amid growing concerns about stretched valuations following the recent rally in stocks. While the concerning news coming out of Washington continues to be largely ignored, the market appears to be most focused on the vaccine rollout, fiscal stimulus, and the next round of corporate earnings. On Thursday, President-elect Biden outlined a $1.9 trillion economic package which has elements that would likely gain favor in the Senate, but other parts are expected to spur partisan conflict. Some highlights of the package include $1 trillion to U.S. households via an additional $1,400 stimulus check and a 33% increase in supplemental unemployment bene-fits. The new amount cited is $400 per week and includes an extension through September. In other news, fourth quarter corporate earnings season kicked off on Friday with major banks such as JPMorgan, Wells Fargo, and Citigroup reporting. According to FactSet, S&P 500 earnings are expected to decline 8.8% year-over-year in Q4 2020. The recent cyclical rotation continued to play out this week as evidenced by small-cap companies outperforming large-cap and value stocks outperforming growth.

Read more

Click below to listen to this week's Peapack Private Wealth Management Market Report as heard on WCBS NewsRadio 880.

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3rd Year in a Row!

 

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