On the eve of earnings announcements, U.S. bank stocks face their worst quarterly performance since the 2023 crisis
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U.S. bank stocks have experienced their worst quarterly performance since the crisis in 2023, with the KBW Bank Index down 5.1% since the beginning of the year. The market is concerned that Trump's trade policies may trigger inflation, slow down economic growth, and lead analysts to lower earnings expectations for financial companies. Jefferies' poor earnings have raised market caution, and JPMorgan Chase, Wells Fargo, and Morgan Stanley will release their financial reports on April 11
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