Sector Overview

The Financials sector is the plumbing of the economy. Banks lend money, insurance companies manage risk, and asset managers invest trillions. When big banks report earnings, the entire market pays attention because bank results tell you about the health of the economy — loan growth, credit quality, and consumer spending all show up in bank earnings. The Trap Ledger covers the big four (JPMorgan, Bank of America, Wells Fargo, Citigroup), investment banks like Goldman Sachs and Morgan Stanley, and the fintech disruptors trying to take market share. We also cover insurance giants and regional banks. Net interest income, trading revenue, and credit losses are the numbers that matter in this sector.