IBKR - Bank Sector Breakdown: Big Banks Carrying Financial Indices Streamlining Operations And Yield Curve Steepening
Diversified big bank stocks have been on a roll since the start of earnings season. Following EPS beats, Bank of America (BAC), JPMorgan Chase (JPM), Morgan Stanley (MS), and US Bancorp (USB) are up at least +10.0% each. The Solactive Big Banks Index (biggest 10 U.S. Banks by market cap, equally weighted) is up +18.2% since October 8th while broad financials (Dow Jones U.S. Financials Index), weighed down by insurance stocks and REITs, are +8.5% and regional banks (KBW Regional Banks Index) are +10.5%.
Source: Bloomberg
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