Why investing in banks during this period of time is a big deal?

As of now, interest rates are very high and they can only get higher from here as the FED tries to bring inflation down to 2%. 

Banks will naturally benefit from this process as this would mean their net interest margins (NIM) would increase, bringing them more profits when they report their earnings. This would also translate to more dividends being rewarded to shareholders. Not only that, as a result of an increase in profits, bank share prices would naturally increase and if you are a shareholder, you would not only be able to lock in a good yield for the shares, enjoy capital appreciation but also collect dividends along the way!

Do you invest in banks? Comment down below!