13-01-2017 22:34 via news.yahoo.com

U.S. banks to stay in fashion as earnings kick off

By Sinead Carew and Lewis Krauskopf NEW YORK (Reuters) - U.S. bank stocks will stay in favour with investors as long as earnings reports in the coming week show an improving profit outlook while investors wait to see if U.S. President-elect Donald Trump lives up to his campaign promises. Wells Fargo & Co. , JPMorgan Chase & Co and Bank of America kicked off the earnings season on a positive note on Friday, sending the S&P 500's banking sub-sector up as much as 2.3 percent to its high
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