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Bank stocks slump ahead of first earnings since Silicon Valley Bank collapse

Investors are counting on strong earnings in the banking sector to boost the stock market rally

The US corporate earnings reporting season begins this week with a flurry of major US banks set to report their first quarterly performance since the collapse of Silicon Valley Bank and Signature Bank last month.

JPMorgan Chase, Wells Fargo, Citi and BlackRock will be among the large financial institutions posting their earnings before markets open on 14 April.

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