Big banks are booming. Now here come earnings | Business | news-daily.comThe prospect of higher interest rates this year is spooking investors in tech stocks and other high growth sectors. But it’s a different story for big banks.

Bank stocks are off to a solid start in 2022, extending gains from the second half of last year.

The Invesco KBW Bank ETF (KBWB), which has Bank of America (BAC), Wells Fargo (WFC), JPMorgan Chase (JPM), US Bancorp (USB) and Citigroup (C) as its top holdings, is up more than 8% already this year and has gained more than 19% in the past six months. That’s better than the broader market.

JPMorgan Chase, Citi and Wells Fargo will tell investors how they did during the fourth quarter and what to expect in 2022 when they report earnings on Friday.

BlackRock (BLK), the world’s largest asset manager and owner of the popular family of iShares exchange-traded funds, also reports earnings Friday.

US Bancorp and Bank of America release their earnings on Wednesday, January 19. So does investment banking powerhouse Morgan Stanley (MS). Goldman Sachs (GS) is due to report earnings on Tuesday, January 18.

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