Bank stocks, including JPMorgan Chase, Citigroup, and Wells Fargo, are surging on optimism about tariff deals.

From Nasdaq: 2025-04-08 12:53:00

The stock market had a strong day on Tuesday, with the Dow Jones, S&P 500, and Nasdaq all up by about 2%. Big banks like JPMorgan Chase, Citigroup, and Wells Fargo were among the best-performing stocks, with gains ranging from 3% to 4.2%. Investor optimism is driven by hopes of tariff deals being reached, with President Trump reporting positive discussions with South Korea and China. Bank stocks had suffered last week after tariff announcements, but are rebounding despite concerns about loan demand and consumer defaults.

Bank earnings reports are upcoming, starting with JPMorgan Chase and Wells Fargo on April 11, followed by Citigroup and others. Investors will be watching delinquency rates, charge-offs, and net interest margins for insights into consumer health and the impact of lower interest rates. Despite recent volatility, these reports will provide a closer look at how the banks are performing.



Read more at Nasdaq: 3 Big Bank Stocks Are Spiking Higher — but Things Could Get Very Interesting on Friday