Bank stocks see broad rally as U.S.-China trade talks reduce recession predictions - MarketWatch
1. Bank stocks are optimistic due to potential U.S.-China tariff reductions. 2. XLF rose 2.9% in premarket trading after 'liberation day'. 3. J.P. Morgan indicates a 35% chance of recession, improving market sentiment. 4. Broad financial activity is expected to boost banking revenues. 5. XLF components showed strong premarket gains, indicating sector confidence.