CE 100 Index Gains 1.7% as JPMorgan Leads Banks Higher

Earnings season is here — as always, led by the banks, and the banks led the CE 100 Index 1.7% higher through the past week.

As a group, the banks were up 4.4%, and only two pillars, including the “Live” and “Have Fun” segments, showed slight losses.

Within the banking pantheon, JPMorgan’s stock rallied 5.2%. As we reported in the wake of earnings, in the words of CFO Jeremy Barnum, consumer spending is seeing a period of “normalization” as consumers are on “solid footing.”