With the end of the second trading week of 2022, investors are likely eyeing the top bank stocks in the stock market today. By and large, this would be thanks to some of the biggest U.S. banks kicking off the current earnings season. Notably, the current attention on the industry as a whole is higher than ever. On top of banks, arguably, setting the tone for earnings seasons, there is another factor to consider as well. Namely, investors across the board are likely eager to see how the Omicron coronavirus variant alongside rising inflation is weighing in on the economy now.
Not to mention, there are also the Federal Reserve’s plans to raise interest rates this year. As it stands, Fed members are already expecting three rate hikes in 2022 while some banks think there could be four. Nevertheless, an increase in interest rates would, naturally, serve to benefit banks.
Let’s take a look at three bank stocks reporting earnings today
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