Published on 17 Dec 2024 on Benzinga
U.S. financial stocks are enjoying a banner year in 2024, with the sector posting the strongest yearly return in nearly three decades, fueled by the spectacular resilience of the American economy and soaring investor optimism for deregulation following Donald Trump's November election victory.
The iShares U.S. Financial ETF IYF has skyrocketed 34% year-to-date, representing the fund's best annual performance since its launch in 2001.