Last week was a big one for bank stocks, as evidence mounted that the economy is slowing and inflation remains subdued.

Banks, along with technology stocks, headed up a big market rally. The Standard & Poor's bank index advanced nearly 8% for the week, and last Tuesday tallied a record single-day point gain as concerns about renewed inflation and higher interest rates receded.

Subscribe Now

Access to authoritative analysis and perspective and our data-driven report series.

14-Day Free Trial

No credit card required. Complete access to articles, breaking news and industry data.