exchangetraded funds that buy bank stocks were jumping tuesday as investors assessed wall street’s latest batch of secondquarter earnings results from giants including bank of america and morgan stanley the invesco kbw bank etf kbwb was up 27 tuesday afternoon while the spdr sp regional banking etf kre surged 38 according to factset data at last check morgan stanley ms was among the sp 500’s bestperforming stocks tuesday afternoon after reporting earnings that beat expectations even as its quarterly profit dropped from a year earlier with its shares soaring 64 ​”it was a busy morning as morgan stanley posted mixed results while bank of america impressed” said edward moya senior market analyst for the americas at oanda in a note tuesday ​“we are done with the majority of the big banks and the overall takeaway is that they did ok despite a weakening economy and all the turmoil that stemmed from the regional banking crisis last quarter the spdr sp regional banking etf which tracks an equalweighted index of us regional bank stocks was on track for its best daily performance since june 6 according to factset data the fund has surged more than 11 so far this month based on tuesday morning trading levels putting it on track for potentially its best monthly performance since february 2021 factset data show banks stocks were broadly outperforming the sp 500 helping to buoy the popular gauge of largecap us equities the sp 500 spx was up a modest 05 tuesday afternoon factset data show at last check bank of america bac  whose shares were climbing more than 4 tuesday afternoon after reporting betterthanexpected earnings and morgan stanley are among the biggest holdings of the marketcapitalizationweighted invesco kbw bank etf as of july 17 jpmorgan chase  co jpm  wells fargo  co wfc and goldman sachs group gs were also among the fund’s top positions according to its holdings data on invesco’s website the invesco kbw bank etf was also on track tuesday afternoon for its best daily performance since june 6 but the fund is still down doubledigits so far this year bank etfs are bouncing from their 2023 lows hit in the wake of regional bank failures earlier this year that included silicon valley bank’s collapse in march the invesco kbw bank etf remains down more than 15 this year while the spdr sp regional banking etf has tumbled almost 23 in 2023 based on trading levels on tuesday afternoon meanwhile the sp 500’s more than 18 gains this year have been driven by big tech stocks including megacap companies apple inc aapl  microsoft corp msft and nvidia corp nvda  but there have been signs of the rally broadening a fund that focuses on a version of the sp 500 that equally weights the index’s stocks the invesco sp 500 equal weight etf rsp  is up slightly more than 2 so far this month that’s similar to the rise of the capweighted sp 500 which is heavily exposed to the tech sector the us stock market was broadly trading up tuesday afternoon with the dow jones industrial average djia climbing 09 and the nasdaq composite comp gaining 05 according to factset data at last check