IYF - iShares U.S. Financials ETF
| Previous Close | 122.99 |
| Open | 123.00 |
| Bid | 122.68 x 1200 |
| Ask | 124.86 x 1800 |
| Day's Range | 122.75 - 123.32 |
| 52 Week Range | 99.30 - 126.43 |
| Volume | 109,947 |
| Avg. Volume | 338,503 |
| Net Assets | 1.68B |
| NAV | 122.95 |
| PE Ratio (TTM) | N/A |
| Yield | 1.85% |
| YTD Return | 16.17% |
| Beta (3Y Monthly) | 0.99 |
| Expense Ratio (net) | 0.43% |
| Inception Date | 2000-05-22 |
- Zacks•6 days ago
Forget Rate Woes, Bank ETFs to Stay Strong on Unicorn IPOs
A slight flattening of the yield curve may hurt bank stocks' profitability, but underwriting of several unicorn IPOs should help these financial ETFs.
- Zacks•3 months ago
Why Bank ETFs Can Continue to Rise Despite Mixed Q4 Earnings
Big U.S. banks are rallying despite having come up with mixed results. Will the rally last?
- ETF Trends•3 months ago
10 Bank ETFs Investors Can Bank On
The financial sector and bank ETFs may continue to gain momentum as the better-than-expected fourth quarter results and improving outlook help lift sentiment on this cheap segment of the market. Goldman ...
- Zacks•3 months ago
Are Bank ETFs Good Buys Before Earnings Release?
Earnings beat prospect in Q4 for banks may be bleak, but a steepening yield curve and cheaper valuation could boost bank ETFs in the near term.
- ETF Trends•5 months ago
10 Sector ETFs That Could Stand Out in the New Year
The U.S. equity rally is beginning to lose steam and investors should not expect markets to maintain their breakneck spurt of yesteryear. Nevertheless, traders may still find value in some battered sectors ...
Market Realist•5 months agoBuffett Banking Too Much on the Banking Sector with J.P. Morgan?
As we discussed in the last three parts of this series, renowned billionaire investor Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) has increased its bets on the banking sector. The company added more shares (IYF) in Bank of America (BAC), U.S. Bancorp (USB), and Goldman Sachs Group (GS) to its portfolio. Now let’s look at a new addition to Berkshire Hathaway’s top ten holdings list that’s also from the banking sector.
Market Realist•5 months agoBuffett Raised Bets on U.S. Bancorp and Goldman Sachs in Q3 2018
So far in this series, we’ve looked at Warrant Buffet’s investment firm, Berkshire Hathaway’s (BRK.A)(BRK.B), top five investments in the third quarter. While Apple (AAPL) remained Berkshire’s top holding, Bank of America (BAC) and Wells Fargo (WFC) were its biggest banking-sector holdings. Now let’s take a look at Berkshire Hathaway’s other key banking-sector (IYF) investments.
Market Realist•5 months agoHow Warren Buffett’s Top Two Bank Holdings Changed in Q3 2018
In the previous part of this series, we looked at how investment pioneer Warren Buffett’s Berkshire Hathaway (BRK.A)(BRK.B) added about 522,902 more Apple (AAPL) shares in its portfolio in the third quarter. Now let’s see how Buffett’s top two bank holdings (IYF) changed in the last quarter.
- Zacks•6 months ago
Why Financial ETFs Are Down Despite Decent Bank Earnings
Here is why financial ETFs have been under pressure of late despite decent earnings releases from big banks.
Market Realist•6 months agoImproving Economy and Retail Sales to Boost Mastercard’s Q3 Results
A healthy job market and a steady hike in wages have increased the spending power of consumers. According to the U.S. Bureau of Labor Statistics, the unemployment rate declined 20 basis points in September to 3.7%, the lowest level since December 1969. An improving GDP growth rate is creating a favorable business environment for Mastercard. In the second quarter, the US GDP grew 4.2%, almost double the 2.2% increase registered in the first quarter. This growth rate was the highest since the third quarter of 2014.
Market Realist•6 months agoVisa’s Q4 Results to Gain from Improving Economy and Retail Sales
An improving GDP growth rate, a healthy job market, and a steady hike in wages have increased the spending power of consumers. The US GDP grew 4.2% in the second quarter, which was almost double the 2.2% increase registered in the first quarter.
- ETF Trends•6 months ago
Look to Financial ETFs as Borrowing Costs Rise
Rising borrowing costs are not necessarily a cause for concern as rising interest rates typically go hand in hand with a growing economy, and financial stocks and sector-related exchange traded funds may do especially well in this type of environment. "When yields experience large changes in short periods of time, stocks can struggle to digest the moves," Bernstein's Noah Weisberger said in a note, according to CNBC. "So long as signs continue to point to a growth-driven move in yields, we think that over the medium term, stocks will fare well," Weisberger added.
Market Realist•7 months agoMastercard to Gain from Improving Economy and Rising Retail Sales
A healthy job market and steady growth in wages have led to an increase in consumers’ disposable income and spending power. According to the U.S. Bureau of Labor Statistics, the unemployment rate in August was 3.9%. The current unemployment rate is hovering around 3.7%, its lowest level since the 1960s.
- Market Realist•7 months ago
Improving GDP and Retail Sales Could Boost Visa’s Platform Usage
Improving GDP growth, a healthy job market, and steady wage growth have increased the disposable income of consumers, thereby giving them greater spending power. The US GDP grew 4.1% in the second quarter of 2018, which was almost double the 2.2% increase registered in the first quarter. The growth rate was the highest since the third quarter of 2014.
- ETF Trends•9 months ago
12 U.S. Sector ETFs to Play in Case of an Escalating Trade War
If the U.S. is stuck in an escalating trade war, stocks and sector-related ETFs with the highest domestic sales exposure in the U.S. should begin to stand out. “If trade tensions continue to rise and new ...
Market Realist•9 months agoVisa Has a Premium Valuation after Its Fiscal Q3 2018 Results
Visa’s (V) PE ratio is 27.30x on a next-12-month basis, which represents a premium valuation, as the industry has an average of 17.16x. In the fiscal third quarter, Visa witnessed strong momentum in payment volumes as well as in contactless transactions globally. Transport operators have been the primary drivers of the favorable response to contactless payments.
Market Realist•9 months agoWhat Fueled Visa’s Payment Volumes in Fiscal Q3 2018?
In the third quarter, Visa (V) witnessed a rise in payment volumes from the United States on a sequential basis from 10.1% to 10.5%.
Market Realist•9 months agoHow Analysts Rate Mastercard
Analysts’ rating on Mastercard (MA) improved in July compared to June. In July 2018, Mastercard was covered by 40 analysts. 18 of these analysts have given the stock a “strong buy,” 19 recommended a “buy,” and three analysts rated the stock a “hold.”
Market Realist•9 months agoUnderstanding Visa’s Take on Contactless Payments
Visa (V) has been making efforts to increase the use of contactless payments in the United States after experiencing a positive response from Australia as well as the United Kingdom. The company’s management expects that initially, it will take time to expand the use of contactless payments, but later on, growth will increase rapidly. Visa’s management is confident that the initial growth in contactless payments in the United States could be slow, but later on, this growth could witness strong momentum.
Market Realist•9 months agoMastercard Has Premium Valuations after Strong Q2 2018 Results
Mastercard (MA) has a price-to-earnings ratio of 28.04x on an NTM (next-12-month) basis compared to the peer average of 15.95x. Mastercard’s management had positive views on the US economy, as consumer confidence and strong jobs growth supported economic growth in the second quarter.
Market Realist•9 months agoUnderstanding Visa’s Views on Europe and India
Visa (V) posted total payment volumes amounting to $2.1 trillion in its fiscal third quarter thanks to its strong momentum in credit transactions and growth across regions. Of its total payment volumes in the quarter, $428 billion came from the European region, implying a YoY (year-over-year) rise of 8.7% on a constant-dollar basis. Europe, being a cash-driven economy, offers significant opportunities for giant payment processors (IYF) such as Visa and Mastercard (MA).
Market Realist•9 months agoHow Mastercard’s Gross Dollar Volumes and Net Revenues Trended
In the second quarter, Mastercard (MA) witnessed total gross dollar volumes (or GDV) of $1.5 trillion. Excluding the United States, the company’s GDV witnessed YoY growth of 16% mainly on the back of Asia-Pacific as well as Europe. The GDV from Europe in the second quarter was $433 billion compared to $356 billion in Q2 2017.
Market Realist•9 months agoFintech Startups Grabbed a Larger Share of US Personal Loans
According to TransUnion data, US personal loans outstanding grew from ~$71.9 billion a decade ago to ~$120 billion as of March. Personal loans, which aren’t collateralized by an asset, have been availed by ~17 million Americans. Financial technology startup shares like Lending Club, Prosper, and Avant increased from 0.90% in 2010 to 36.2% in 2017. At the same time, bank shares (VFH) (XLF) (IYF) declined from 34.1% to 26.4%.
- Market Realist•9 months ago
Discover Financial’s Q2 2018: Total Loans Grew 9% Year-over-Year
On July 26, Discover Financial Services (DFS) released its earnings report for the second quarter. The strong economic environment, fueled by the jobs growth, is the primary factor that led to a rise in Discover Financial’s credit card loans on a sequential basis. At the end of the second quarter, Discover Financial had total credit card loans of $67.8 billion.
Market Realist•9 months agoMastercard’s Strong Q2 2018 Results and Impressive Growth
Mastercard (MA) released its second-quarter earnings report today. Its EPS came in at $1.66, compared to analysts’ forecast $1.53. The second-quarter EPS also reflect 48% year-over-year or YoY growth on a currency-neutral basis. The company’s competitor (IYF) Visa (V) posted EPS of $1.20 in fiscal Q3 2018. Visa posted YoY growth of 11% on a constant-dollar basis in its payments volume to $2.1 trillion.
