|Bid||37.62 x 800|
|Ask||37.95 x 800|
|Day's Range||37.31 - 38.21|
|52 Week Range||24.62 - 51.82|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-23.50%|
|Beta (5Y Monthly)||1.60|
|Expense Ratio (net)||0.42%|
Bank exchange-traded funds (ETFs) offer investors exposure to the banking and financial sector of the economy. Banking services include taking deposits, making loans, and facilitating payments. Other financial services include investment management, retirement planning, insurance, and brokerage services.
With mergers and acquisition activity picking up, regional banks and financial sector ETFs that track smaller firms could benefit from the increased consolidation. There were 35 deals in the regional banking space last year, the highest number since 1999, and with the 2020 presidential election looming, buyers may be in a hurry to lock in deals in the first half of the year before a potentially new president comes to office, MarketWatch reports. “Bankers might have a short window to get those deals done,” S&P Global Market Intelligence said in a note.
The banking corner of the broader financial segment has been on a roll buoyed by stronger-than-expected earnings, bargain hunting and the steepening of the yield curve.