Financial firms kick off earnings season: Bank of America(BAC), BlackRock (BLK), JPMorgan Chase (JPM) and Wells Fargo(CBEAX) are releasing their fourth quarter earnings this morning.
The so-called Trump rally, which has sent stocks soaring to fresh records since November, has largely been led by financial institutions.
Investors have bid banking stocks up because they expect higher interest rates from the Federal Reserve and looser regulations on Wall Street.