As bank earnings approach, a market anomaly emerges

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As bank earnings approach, a market anomaly emerges

AI Summary

As bank earnings season nears, a market anomaly is observed with the Financial Select Sector Index trading at approximately 15.5 times forward earnings, which is cheaper by more than a turn compared to early 2024 levels.

The Financial Select Sector Index trades at roughly 15.5 times forward earnings — about a turn and a quarter cheaper than where it stood in 2024.

Markets bank earnings Financial Select Sector Index market anomaly forward earnings stock valuation

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