The Biggest Banks Reported Earnings Today: This One is the Clear Leader

A slew of bank earnings from the largest financial institutions in the world were released this morning, providing insight into their Q4 and 2023 performance.Although the financial sector underperformed the broad market during 2023, returning just 12% vs the S&P’s 24%, XLF managed to outperform in the fourth quarter. As markets began pricing in the coming interest rate cuts, banks, which hold large fixed income portfolios benefitted significantly.Image Source: TradingViewEarnings ResultsJP Morgan Chase & Co ...