|Bid||19.59 x 27000|
|Ask||19.67 x 36900|
|Day's Range||19.52 - 19.64|
|52 Week Range||16.25 - 23.99|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.15|
|Expense Ratio (net)||0.48%|
It is often said that U.S. banks are inexpensive compared to other sectors and that the group is full of value stocks, but European banks are, by some metrics, really cheap, too. The iShares MSCI Europe Financials ETF (EUFN) , which provides a targeted play on European financial companies, is home to some banks trading at depressed valuations. Weighing on Europe’s financial sector, the plunging yields have dragged rates on some government bonds back into negative territory, there is rising concerns over a slowing economy and a money laundering scandal has driven compliance costs higher, the Wall Street Journal reports.
European banks and financial sector-related ETFs have been underperforming as a slew of negative factors keeps pressure on the beleaguered market segment. Year-to-date, the iShares MSCI Europe Financials ...
Global markets sank Thursday after the European Central Bank cut its 2019 economic growth forecast and announced a new round of longer-term refinancing operations (TLTRO) stimulus for European banks. The ECB cut its 2019 Eurozone growth forecast from 1.7 percent to 1.1 percent. It also announced a third round of bank stimulus that will begin in September and run through March 2021.
European bank stocks and related ETFs jumped Friday after European Central Bank executive board member Benoit Coeure hinted that another round of cheap multi-year loans to banks could be in the works. ...
Shutdown Continues, But IRS And Treasury To Reopen For Business After failing to resolve the partial government shutdown over the weekend over a spat concerning $5.6 billion of funding for a border wall with Mexico, congressional Democrats are trying to reopen the government piece by piece, with funding first for everybody’s favorite service, the Internal […] The post Market Morning: Shutdown Showdown, Brexit Redux, Ford Airbag Woes, Sears Still Teeters appeared first on Market Exclusive.
Everything is Down Again US stock futures, Asian (except Japan), and European equities are all down today, together with oil yet again, in what is now a record slide in intensity. The US Dollar is flat. The S&P 500 is now decisively below its 200 day moving average. Italian bond are down again this morning, […] The post Market Morning: Everything Is Down, Brexit Agreement, Trump Cornered, Saudi Sanctions? appeared first on Market Exclusive.
European stocks and region-related exchange traded funds continued to weaken Friday, with bank dragging down the market, as traders worried about the potential ripple effect of Turkish lira meltdown. The ...
Investors should keep a close eye on the ETFs that are especially volatile this week with key events like Fed and ECB meeting as well as US-North Korea summit.
The iShares MSCI Europe Financials ETF (NASDAQ: EUFN) is down just over 1 percent year-to-date. While it's not alarming decline by any mean, it's a broad view: a more focused look at EUFN reveals the exchange traded fund resides about 11 percent below the 52-week high it set in February. At the geographic level, EUFN is top-heavy, with the U.K. representing over 30 percent of the fund's roster.
European bank stocks have been underperforming their broader market, but as investors turn to value plays in an extended bull market, some may look to one targeted Europe exchange traded fund to access ...