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7.06613906161031E-05 -0.00021198417184851 -0.000989259468626447 -0.00155455059355567 -0.000989259468626447 -0.0021198417184851 -0.00162521198417178 -0.000918598078010143
Stock impact report

3 Bank Stocks With More Than 30% Growth in 2024: More Room to Run? [Yahoo! Finance]

Citigroup, Inc. (C) 
Last citigroup, inc. earnings: 4/15 08:00 am Check Earnings Report
US:NYSE Investor Relations: citigroup.com/citi/investor/pres.htm
Company Research Source: Yahoo! Finance
The U.S. economy got off to a good start in 2024, thanks to a robust labor market, increased consumer spending, technological advancements and optimism over potentially faster interest cuts by the Federal Reserve. However, as inflation was high and did not decline as anticipated, the euphoria surrounding interest rate reduction progressively waned. This led to uncertainty regarding the pace of rate cuts. Though the Fed has reduced interest rates by 100 basis points since September, it has hinted at fewer cuts for 2025. Despite this, the rate cut spree announced by the Fed has kept banking stocks in focus. As we approach 2024 end, it is time to look back at how this year has fared for banking stocks. Major banks like Wells Fargo & Company WFC, Citigroup, Inc. C and Bank of America BAC rose more than 30% in 2024. Price Performance Zacks Investment Research Image Source: Zacks Investment Research Additionally, several banks have increased their capital distribution activitie Show less Read more
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