When I look back at leading industry groups for the past day, week, month, 3-month, 6-month, and 1-year periods, only one industry group has been among the Top 20 industry groups for each of those 6 different periods. It’s a group that I liked heading into 2024 and it’s a group that I still like in 2025. Banks ($DJUSBK). If you take a look at how banks have kicked off earnings season, then it probably makes a lot of sense why they’re so in favor. Let’s look at the bigger banks that reported quarterly earnings since Wednesday: JP Morgan Chase (JPM): 4.81 vs. 4.03 (actual vs. estimate) Wells Fargo (WFC): 1.42 vs. 1.34 Citigroup (C): 1.34 vs. 1.25 Bank of America (BAC): .82 vs. .77 PNC Financial (PNC): 3.77 vs. 3.30 US Bancorp (USB): 1.07 vs. 1.06 M&T Bank (MTB): 3.92 vs. 3.70 First Horizon (FHN): .43 vs. .38 Truist…
