Big banks have been on fire, helping to boost the S&P 500 Financials sector up 33% in the last 12 months, the best performing sector in the index. Of the six big U.S. banks, five: JPMorgan (JPM), Citigroup (C), Bank of America (BAC), Morgan Stanley (MS) and Goldman Sachs (GS) surpassed that level. The sector also posted one of the highest earnings growth rates for Q4 2016, and is expecting a strong Q1 2017. Optimism is based on the Trump administration's pro-business rhetoric, including regulatory relief and reduced corporate taxes.
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