Bank Stocks Near Record With Buyback, Dividend Boosts on Horizon
The KBW Bank Index gained as much as 1.6% Tuesday, hitting the highest level since February 2022 and about 4% from its early 2022 all-time high. The gauge is also on pace for a ninth consecutive day of gains, matching its longest winning streak on record. All but four of the gauge's 24 members were higher, led by Western Alliance Bancorp, Zions Bancorp NA and East West Bancorp Inc.
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