Post Mortem: The U.S. Bank Stock Turn We Called In December

A quick note on the bullish U.S. Bank thesis from December

Everyone had their say when the banks cracked. Some shouted collapse while others placed short bets with false confidence. A few leaned in and bought what the market had discarded.

By the end of 2024, the dust began to settle. Big banks came roaring back, finishing the year up 37%. Regionals moved slower, climbing around 13% It wasn’t euphoria, more lik…