WSJ’s Week Podcast: Banking’s Back, Catch It Now

TLDR:

• Bank stocks soared at the end of 2023, with some outperforming the S&P 500.
• The three largest banks in the country – JPMorgan Chase, Bank of America, and Wells Fargo – are set to report their earnings.

Banking stocks experienced a surge in value at the end of 2023, with some even outperforming the S&P 500. However, the question remains as to whether this signifies a full recovery for the banking industry. The earnings reports of the three largest banks in the US – JPMorgan Chase, Bank of America, and Wells Fargo – are expected to offer insight into the industry’s current state.