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Why bank stocks could be among the winners ahead of the Fed’s rate hikes
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Bank investors are ready for higher Treasury yields.
The S&P 500 financials sector edged up 5.4% last week, the first five trading days of January. That marked its best start to a calendar year since 2010. The gain was a stark contrast with the 1.9% pullback in the broader S&P 500 index.
Investors are betting that looming interest-rate increases...
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