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Market Update

Why Are Bank Stocks Doing So Well in 2021?

The latest earnings for big banks show strong profits and fewer bad loans.

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Financial stocks are extending an already sizable 2021 rally as the country's biggest banks post strong third-quarter earnings, thanks to a hot market for corporate deal-making and an economic recovery that led to fewer bad loans than they had expected during the height of the pandemic.

Lauren Solberg does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.