上周，美国三大股指均上涨，连续第四周录得涨幅，原因是周五公布的就业报告表现强劲。尽管标普500指数的金融板块上周上涨约1%，能源类股因中东局势的紧张导致油价上涨，涨幅达到7%。Financial stocks have outperformed the S&P 500 index this month, and investors are eagerly awaiting the quarterly financial reports to be released by large banks this weekend.
According to the Securities Times APP, financial stocks have outperformed the S&P 500 index this month, and investors are eagerly awaiting the quarterly financial reports to be released by large banks this weekend.
Tracking financial selected sectors in the S&P 500 index, the Financial Select Sector SPDR Exchange Traded Fund (XLF.US) was the 'second-best industry ETF' last week, only behind the energy sector. Frank Cappelleri, the founder of independent research firm CappThesis, stated in a report on Monday, 'It is once again nearing summer highs.'
Last week, all three major U.S. stock indexes rose, marking the fourth consecutive week of gains, fueled by a strong jobs report released on Friday. While the financial sector of the S&P 500 index rose by about 1% last week, energy stocks saw a 7% increase in prices due to tensions in the Middle East.
Investors are preparing for the third-quarter earnings reports to be released first by JPMorgan (JPM.US) and Wells Fargo & Co (WFC.US) this Friday. The performance of these two large Wall Street banks will kick off this earnings season.
However, according to a report by DataTrek Research on Monday, the 'momentum' for financial sector profits in the third quarter does not seem exciting. Wall Street analysts expect a 12% year-on-year decline in banking performance, potentially leading to a 0.4% decrease in the overall financial sector profits from last year.
Nevertheless, Nicholas Colas, co-founder of DataTrek, pointed out in the report that the upcoming earnings season will remind investors that the SPDR ETF representing the financial elite sector in the United States is "more than just banks," with non-bank enterprises accounting for 76% of the financial sector. Therefore, the fundamentals of sub-industries such as financial services, capital markets, insurance, and consumer finance are more important than loan growth and net interest margins.
DataTrek believes that large financial stocks are a diversified way to bet on the continued growth of the U.S. economy, and continues to be bullish on such stocks as an investment approach for the "mid-term market theme." Colas emphasized that bank earnings reports are usually released early in the earnings season, reflecting only a small part of the financial sector story. The rest of the financial sector's sub-industries are expected to achieve year-on-year profit growth.
As of Monday afternoon's trading levels, the overall performance of the U.S. stock market in 2024 has been strong, with the S&P 500 index rising more than 19% year-to-date, similar to the performance of the financial sector.
According to FactSet's data, most of the 11 industries in the S&P 500 have shown a downward trend so far this month, with the financial sector, while slightly down, still outperforming most other industries. As of Monday afternoon, the financial sector of the S&P 500 has fallen by 0.9% since the beginning of the month, while the energy sector has surged by 6.5% this month against the backdrop of escalating tensions in the Middle East. In comparison, the S&P 500 index has fallen by 1.3% so far this month.