US Banking Sector (KBE):
Despite the overall equities market weakening in Friday's session, the banking sector rallied. This suggests that current economic conditions could continue to benefit the banks.
1. Elevated interest rate environment
2. Slow but growing economy
3. Continuing earnings momentum
4. Low non-performing loans
Singapore Banks, could potentially emulate the performance of the US banking sector.
https://www.businesstimes.com.sg/companies-markets/banking-finance/jpmorgan-raises-2024-interest-income-forecast-us91-billion
Disclaimers apply