News: 2024.12.28
Shares of major U.S. banks posted their biggest gains in five years, and analysts said there was still room for growth. Meanwhile, the SPDR S&P Bank ETF rose 21% and the Financial Select Sector SPDR ETF gained 30%, both on track for their biggest annual gains since 2021.
Big U.S. bank stocks have posted impressive growth over the past five years, according to new data. The stocks have outperformed analysts' expectations and attracted widespread attention in financial markets.
In addition to large bank stocks, the SPDR S&P Bank ETF and Financial Select Sector SPDR ETF also performed very well. The gains of these two ETFs reached 21% and 30% respectively, showing the overall positive development trend of the financial industry.
Gerard Cassidy, co-head of global financial research at RBC Capital Markets, expressed optimism about the trend. He pointed out that although the stock market is currently performing well, there is still room for growth, and investors should remain vigilant and pay close attention to market changes.
Overall, the strong performance of large U.S. bank stocks and positive trends in the financial sector present opportunities for investors. Investors should pay close attention to market dynamics and adjust investment strategies in a timely manner to cope with possible risks and fluctuations.