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IYG hits a new 52-week high as strong bank earnings lift financial stocks.

Wall Street's biggest banks are heading into second-quarter earnings season with investor expectations running high. Strong trading activity, resilient consumer spending, healthy loan demand, good capital market activity and a pickup in artificial intelligence (AI)-driven capital markets activity have fueled optimism.

Big banks start reporting Q2 earnings next week. Strong results could fuel a fresh rally in financial ETFs like XLF, IYG, IYF and VFH.

Bank ETFs like XLF face a pivotal test as major banks launch Q2 earnings, with loan growth and higher rates shaping the outlook for financial funds.

Launched on June 12, 2000, the iShares U.S. Financial Services ETF (IYG) is a passively managed exchange traded fund designed to provide a broad exposure to the Financials - Broad segment of the equity market.