Big US bank stocks beat broader market amid optimism about earnings outlook

Shares of the largest U.S. banks have been outperforming the broader market this year as investors expect their earnings prospects to improve in coming quarters.

Shares of five of the country’s six largest banks — led by Citigroup Inc., Goldman Sachs Group Inc. and Bank of America Corp. — outperformed the S&P 500 in 2024, the group’s best performance this year compared to the benchmark index since 2021.