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Stock Strategist Industry Reports

Can U.S. Banks' Momentum Continue?

Here's what we're watching for during earnings season -- and our top picks in the industry today.

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Almost everything seems to be going U.S. banks’ way: The yield curve is steepening, expectations for multiple interest-rate hikes in 2022 have solidified, initial fourth-quarter investment banking numbers appear to be strong, fourth-quarter loan growth numbers are likely to be solid, credit losses are likely to remain cyclically low, and omicron seems unlikely to throw the economy back into a tailspin. Also, we will be updating our tax rate assumptions, as we no longer anticipate a corporate tax hike.

Eric Compton does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.