US bank stocks matching longest winning streak on record, outperforming broader market

From Yahoo Finance: 2025-03-26 10:51:00

US bank stocks continued their winning streak for the ninth day, matching a record. The KBW Bank Index rose 1.2% on Wednesday, with gains from JPMorgan Chase, Citigroup, Goldman Sachs, Morgan Stanley, and Bank of America. Markets are finding relief from trade war fears and deregulation efforts by Trump.

Despite recent gains, US banks are still below February highs. Investors are looking ahead to quarterly earnings reports in April. The bank index is up nearly 10% during the streak, outperforming the broader market. Financial firms are benefiting from targeted US tariffs and deregulation policies.

Read more: US Bank Stocks Set to Match Longest Winning Streak on Record