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U.S. Banks Surpass Earnings, Boost S&P 500 Amid Trade Tensions

4/15/2025

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Summary

Story summary

Major U.S. banks, like Bank of America and Citigroup, exceeded earnings expectations, increasing their shares by 4.5% and 3.8%.
The financial services sector drove gains in the S&P 500, with the KBW Nasdaq Bank Index climbing over 2%.
Ongoing trade tensions and tariffs from President Trump continue to raise concerns about recession and inflation.

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Story summary

Major U.S. banks, like Bank of America and Citigroup, exceeded earnings expectations, increasing their shares by 4.5% and 3.8%.
The financial services sector drove gains in the S&P 500, with the KBW Nasdaq Bank Index climbing over 2%.
Ongoing trade tensions and tariffs from President Trump continue to raise concerns about recession and inflation.