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At close · Thu, Jul 9, 2026
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Home›US Markets›Sectors›Bank earnings loom as Financial Select Sector Index tr…

Bank earnings loom as Financial Select Sector Index trades cheaper

The Financial Select Sector Index is about 15.5 times forward earnings, roughly 25% lower than its 2024 level.

Reported · Written up by our desk · Sectors

As bank earnings season approaches, CNBC Markets highlights a valuation anomaly in the Financial Select Sector Index.

The index is trading at about 15.5 times forward earnings, which the outlet says is around a quarter cheaper than where it stood in 2024.

CNBC Markets frames the gap as notable ahead of upcoming earnings from financial companies, when investor expectations can be reset quickly.

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Sources

CNBC MarketsAs bank earnings approach, a market anomaly emerges

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