U.S. banking earnings have probably not been so awaited since the 2008 financial crisis. To the sweet surprises of investors, most big bank earnings have come up with upbeat 1Q 2023 results.
Big banks will start releasing their quarterly numbers this week. The outlook is moderate this time.
Several big banks hauled in billions of dollar in new deposits amid the regional banking crisis. Investors can gain on this euphoria through this new ETF BIGB.
Sector ETF report for IYG
Wall Street went into a tailspin last week due to the liquidation of Silicon Valley Bank and Silvergate Capital. Is it a case of specific business model failure or broad-based banking crisis?
The top five holdings make up about 75% of the total portfolio of Warren Buffett. These stocks have exposure to these specific sectors.
Three out of six big U.S. banks were able to beat overall this earnings season.
Sector ETF report for IYG
Big banks will start releasing their quarterly numbers this week.