UBS - Ahead of bank earnings these names have seen the highest 2023 returns so far
2023-07-13 11:56:26 ET
The banking sector kicks off a flood of earnings releases on Friday, with names like JPMorgan ( NYSE: JPM ), Wells Fargo ( NYSE: WFC ), BlackRock ( NYSE: BLK ) and Citigroup ( NYSE: C ) set to headline the list of financial powerhouses announcing their quarterly results.
All four of these large-scale financial institutions will disclose their latest financial figures at the end of the week. However, going into the announcement, only one of them falls in the top 10 in terms of year-to-date returns within the diversified banking sector.
See below the top 10 diversified bank stocks that have the highest year-to-date returns on Wall Street:
Top 10 Performing Diversified Bank Stocks
No. 10: Canadian Imperial Bank of Commerce ( CM ) +6.3% .
No. 9: JPMorgan ( JPM ) +11.3% .
No. 8: Sumitomo Mitsui Financial Group, Inc. ( SMFG ) +13.7% .
No. 7: UBS Group AG ( UBS ) +14.3% .
No. 6: Mitsubishi UFJ Financial Group, Inc. ( MUFG ) +15% .
No. 5: ING Groep N.V. ( ING ) +19.2% .
No. 4: HSBC Holdings plc ( HSBC ) +29.9% .
No. 3: Banco Santander, S.A. ( SAN ) +32.4% .
No. 2: Banco Bilbao Vizcaya Argentaria, S.A. ( BBVA ) +33% .
No. 1: Nu Holdings ( NU ) +96.7% .
For investors looking at the banking segment with a more diversified approach, here are some popular exchange traded funds focused on the sector:
- SPDR S&P Bank ETF ( KBE )
- Invesco KBW Bank ETF ( KBWB )
- First Trust Nasdaq Bank ETF ( FTXO )
- Roundhill Big Bank ETF ( BIGB )
Bank screening data is per Finviz .
More on the Banking Sector:
- JPMorgan Earnings Preview: The P/E Has Compressed As Earnings Power Builds
- Bank of America: Still Undervalued After Dividend Increase
- Citigroup, JPMorgan, Goldman Sachs cut to Hold at SocGen
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Ahead of bank earnings, these names have seen the highest 2023 returns so far