Bank stocks are saying it's more likely that Federal Reserve officials will decide to increase interest rates in a few weeks.
Over the last two weeks, Goldman Sachs, JPMorgan Chase and Wells Fargo saw stock prices appreciate at an accelerated pace compared to that of the S&P 500. That's even factoring in financials' decline Thursday.
It's making some Fed-watchers think the market is finally ready to see rates rise again. Between reassuring data including retail figures and home sales, economists and analysts are yet again revising predictions about what the Federal Open Market Committee will do, and when.
"It's making markets think the Fed can go sooner," Deutsche Bank chief U.S. economist Joe LaVorgna said. "The likelihood of more than one move has increased."