S&P 500 Banks Perform Well in 2024: 5 Stocks Worth Considering

The S&P 500 Index has demonstrated solid performance in 2024, rallying 26.2% year to date.The primary drivers of the steady uptrend in the index were optimism regarding the Federal Reserve’s interest rate cut trajectory, robust economic growth and a solid rebound in the capital market business. Donald Trump’s re-election and expected rate cuts for 2025 and 2026 have raised hope for a better future performance. Amid the S&P 500's impressive rally, the banking sector has gained significant attention, with the ...