Top-Five Banks: Q1 '24 Earnings Setup
- Mar 19, 2024
- 7 min read
Updated: Jul 11
March 20, 2024 | Premium Service | First, let’s start with some happy thoughts. Over the past year, the WGA Bank Top 25 Index is up 39.7% vs 28.8% for KBWB. Because there are only three stocks that overlap the two groups, it is possible for KBWB to outperform the WGA Bank Top 25 Index, as it did over the past two months. This dichotomy is a product of market volatility and size. It also illustrates why a long/short strategy is required with financials. Of note, the WGA Bank Top 10 Index continues to outperform the larger KBWB.
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