Here’s what investors should focus on when JPMorgan and Citigroup kick off bank earnings Friday

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Bank stocks have staged a fierce comeback from the lows of 2020, when investors feared that pandemic-related loan losses and low interest rates would squeeze the industry.

After being one of the least-loved sectors during most of last year, the KBW Bank Index and lenders including JPMorgan Chase and Goldman Sachs are all up at least 11% in 2021.

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