Omicron Sends Bank Stocks Seesawing

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Bank stocks took a hit after the Omicron variant emerged, but it has still been a good year to be a bank investor

The KBW Nasdaq Bank Index, which measures the performance of big lenders including JPMorgan Chase & Co. and Bank of America Corp., was up nearly 44% in 2021 before Thanksgiving. At that rate, the KBW far outpaced the gains in the broader S&P 500 index, which was up about 25%.

 

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