Bank Stocks Lag Broader Market Despite Strong Earnings

Bank stocks rose slightly over the past week but still lagged the broader market—even though most banks reported better-than-expected first-quarter results—S&P Global Market Intelligence wrote.

Investors remain cautious because of uncertainty around the economy and geopolitical tensions, despite steady loan growth, solid margins, and stable credit performance.

Another S&P post discussed how credit card loss rates at major U.S. banks increased in March compared to February, though they remain lower than a year ago. Meanwhile, delinquency rates improved.