The first-quarter earnings season kicks off this week with major banks reporting their results.
Analysts expect banks to be the largest contributor to growth for financials during Q1.
BofA is bullish on banks and names six stocks that could outperform as results come in.
This week, investors are increasingly turning their attention to banks as earnings results for the first quarter of the year start to roll in.
The first-quarter earnings season kicks off on Wednesday with major banks, including JPMorgan Chase, Wells Fargo, and Goldman Sachs, reporting their performances.
For the first quarter, the estimated earnings growth rate for the S&P 500 is 24.5%, said John Butters, a senior earnings analyst at FactSet. That's just above the highest year-over-year rate ever reported by the index, which was 26.1% in the third quarter of 2018, Butters wrote in a recent note.