Goldman Sachs, Citigroup, JPMorgan Chase and other banks are set this week to post first-quarter earnings, which should offer some insight into whether the sector is recovering. With several banking giants saying they made a profit in the first two months of the year, investors are pouncing. Since early March, banking stocks have soared nearly 30%. Meanwhile, the Libor, a widely watched gauge of the health of the banking system, has returned to more regular levels lately.

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