13.80 +0.19 (1.40%)
After hours: 6:05PM EST
|Bid||13.66 x 800|
|Ask||13.80 x 3200|
|Day's Range||12.99 - 13.85|
|52 Week Range||8.80 - 13.85|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||-2.99|
|Expense Ratio (net)||0.95%|
After stumbling nearly 1% last Friday, the Financial Select Sector SPDR (NYSEArca: XLF) , the largest exchange traded fund dedicated to the financial services sector, is just over 20% below its 52-week high, many think the fund is in a bear market. The same is true for an array of financial services stocks and ETFs, which is good news for the Direxion Daily Financial Bear 3X Shares (FAZ) . FAZ attempts to deliver three times the daily inverse performance of the Russell 1000 Financial Services Index.
Financial stocks are often spotlighted as major beneficiaries of rate increases, but this is a misconception. Gradual rate hikes over long periods are, in fact, good for banks. Because while rising rates mean banks can charge more for loans, they have an adverse effect on the price of fixed-income securities like bonds, which make up the bulk of banks’ assets.
An avalanche of third-quarter earnings reports from the lagging financial services sector are expected starting this week. With some analysts and sector observers not enthusiastic about banks’ near-term ...
Third-quarter earnings season kicks off in earnest this week and that means an imminent avalanche of earnings reports from the financial services sector. When it comes to leveraged ETFs and the financial services, the kings are the Direxion Daily Financial Bull 3X Shares (NYSE: FAS) and the Direxion Daily Financial Bear 3X Shares (NYSE: FAZ). The bullish FAS looks to deliver triple the daily returns of the Russell 1000 Financial Services Index while the bearish FAZ attempts to mirror triple the daily inverse returns of that benchmark.
With October here, third-quarter earnings season is right around the corner. That could bring opportunities with leveraged exchange traded funds, which are ideally suite for aggressive traders looking ...
Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (XLF) rose 1.2% and SPDR S&P Bank ETF (KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite the Federal Reserve's intention to continue raising interest rates, Matt Maley, equity strategist at Miller Tabak, highlighted the recent underperformance in banks and issued a warning over the weakness, CNBC reports.
The financial services sector has had its shares of struggles this year, vexing investors even as interest rates rise and members of the sector report strong earnings. FAS seeks to deliver three time the daily performance of the Russell 1000 Financial Services Index. FAS has a bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ) .
Amid a recent onslaught of earnings reports, the financial services sector has spent plenty of time in the spotlight. Some data points indicate volatility for the group has inched higher as well. That ...
View more earnings on FAS See more from Benzinga Traders Still Like These Leveraged Sector ETFs Dodd-Frank Rollback Lures Traders To This ETF © 2018 Benzinga.com. Benzinga does not provide investment advice. ...
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action after JPMorgan and Citigroup both beat Wall Street estimates on profits.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after a Goldman Sachs note explains why stocks may fare better after earnings beats as second quarter results are announced.
Yahoo Finance's Seana Smith and Jared Blikre break down the latest market action after Bank of America Merrill Lynch issues a warning in their weekly Flow Show report that the markets are eerily similar to the prelude to the Asian/LTCM crisis of 1998. Also money keeps pouring into tech stocks.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as investors gear up for second quarter 2018 earnings.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves after Bank of America Merrill Lynch released their weekly Flow Show report.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as 11 speeches by Federal Reserve officials are on deck, as are the minutes from the prior FOMC meeting. On Thursday and Friday, the Dallas Federal Reserve hosts the "Technology-Enabled Disruption: Implications for Business, Labor Markets and Monetary Policy" event, in which no blockchain or cryptocurrency talks are scheduled. Monday: Bostic 12:15 pm Harker 2:05 pm Kashkari 5:30 pm Wednesday: FOMC Minutes 2:00 pm Kashkari 2:15 pm Thursday: Dudley 3:00 am Bostic 10:35 am Harker 2:00 pm Friday: Powell 9:20 am Kaplan 11:45 am Bostic 11:45 am Evans 11:45 am
Warren Buffett answers a question about Berkshire Hathaway's investments in American Express and other payments processors.
Yahoo Finance's Jared Blikre joins Seana Smith from the New York Stock Exchange to discuss the latest market moves after JPMorgan Chase, Citigroup and Wells Fargo reported quarterly earnings before the bell.
Alan Valdes, director of floor operations at Silverbear Capital, joins Yahoo Finance's Seana Smith live from the floor of the New York Stock Exchange to discuss the latest market moves.
Yahoo Finance's Jared Blikre and Alexis Christoforous break down the latest market action after Tiffany & Co. report fourth quarter earnings and revenue that beat Wall Street expectations, but disappoint on same-store comp. sales.
The disruption of mobile is not only transforming retail and other industries, it is helping to democratize financial services. In this episode, PayPal president and CEO Dan Schulman talks about the power of fintech, why even tech pioneers must constantly change and innovate, and why diversity is critical for commercial success. -- Originally aired: August 2, 2017
Keith Bliss of Cuttone and Company joins Yahoo Finance's Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.