|Bid||57.42 x 200|
|Ask||58.79 x 300|
|Day's Range||58.29 - 59.13|
|52 Week Range||27.42 - 59.50|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
Summer months have a tendency to be unfavorable for the stock market. Empirical evidence has shown that average returns for the S&P 500 are negative during summer months.
Apple gained 1.6% to 160 after CNBC reported the company has had talks with Aetna about bringing Apple watch to the insurer's 23 million members.
View more earnings on FAS See more from Benzinga An Adventurous June Idea For A Faltering Sector © 2017 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
The Financial Select Sector SPDR (NYSE: XLF ), the largest exchange-traded fund dedicated to financial services stocks, rose 1.3 percent on Thursday, but the ETF is perilously close to turning negative ...
The financial sector has performed the best since the elections. Higher interest rates are likely to improve banks' margins going forward.
Despite the stellar run that financials (FAS) have had since the US elections in November 2016, financials are trading at very reasonable levels.
While the Dodd-Frank Act was passed to avoid another financial crisis, it has crippled banks' profitabilities over the years due to higher capital requirements.
The financials sector is hot. Since the U.S. presidential election on Nov. 8, it's the best-performing sector of the stock market, with gains of more than 17%. Even going back a full year, financials are at the top of the pack when it comes to returns.
The dismantling of Dodd-Frank regulations for banks should improve their profitabilities, which explains why their stocks have soared since Trump's win.