"Banking on Growth: Analysts Predict Rally and Outperformance for Bank Stocks in 2024"
As the banking industry approaches a potential turnaround, bank stocks have seen a rise in anticipation of positive changes. Analysts predict that banks' net interest margins will bottom out in the first half of 2024 and improve thereafter. The upcoming earnings reports from the "big six" U.S. banks will provide insights into their fourth-quarter performance, with JPMorgan Chase and Capital One expected to report increases in net interest income. Despite the optimism, some analysts caution that the fourth-quarter results may be impacted by one-time events and restructuring, which could distort earnings.