Reported 3 months ago
Bank stocks have experienced a significant rise in July 2024, with the KBW Bank Index increasing nearly 10%, marking its best month since December 2023. Regional banks showed even stronger performance, with a 19% gain, due to positive earnings reports and a favorable shift in market sentiment regarding inflation and potential regulatory changes. As interest income begins to improve and regulatory fears ease, investors are optimistic about the banking sector's prospects.
Source: YAHOO