KBE - SPDR S&P Bank ETF
| Previous Close | 46.11 |
| Open | 45.98 |
| Bid | 46.01 x 2200 |
| Ask | 46.02 x 1000 |
| Day's Range | 45.65 - 46.13 |
| 52 Week Range | 39.28 - 48.17 |
| Volume | 962,033 |
| Avg. Volume | 1,412,518 |
| Net Assets | 1.64B |
| NAV | 45.80 |
| PE Ratio (TTM) | N/A |
| Yield | 2.49% |
| YTD Daily Total Return | -3.10% |
| Beta (5Y Monthly) | 1.48 |
| Expense Ratio (net) | 0.35% |
| Inception Date | 2005-11-08 |
- MarketWatch
Regions Financial profit falls a bit shy of expectation, revenue meets
Regions Financial Corp. reported Friday a fourth-quarter profit that fell a bit short of expectations, while revenue was in line with forecasts. The stock was little changed in light premarket trading. Net income was $366 million, or 38 cents a share, compared with $390 million, or 37 cents a share, in the year-ago period. The FactSet consensus was 39 cents. The regional bank said non-recurring items, such as losses on the early extinguishment of debt and charges for branch consolidation, reduced earnings per share by 2 cents. Total revenue rose 3% to $1.48 billion, matching the FactSet consensus, while net interest income slipped 4.1% to $931 million, but topped expectations of $926.5 million. Total loans grew 0.6% to $82.39 billion, while consumer lending fell 3.4% to $30.42 billion. The stock has gained 7.1% over the past three months, while the SPDR S&P Bank ETF has advanced 8.0% and the S&P 500 has tacked on 10.6%.
- MarketWatch
Puerto Rico's Popular boosts dividend by 33%, plans to buy back up to $500 million worth of stock
Shares of Popular Inc. rose 1.4% in morning trading Thursday, after the Puerto Rico-based bank said it was raising its dividend by 33% and was planning to buy back up to $500 million worth of its common stock. The dividend increase raises the quarterly payout to 40 cents a share from 30 cents. Based on current stock prices, the new annual dividend rate implies a dividend yield of 2.70%, compared with the implied yield for the SPDR S&P Bank ETF of 2.36% and for the S&P 500 of 1.83%. The buyback program could represent up to 8.44 million shares, or about 8.7% of the shares outstanding, based on recent outstanding share counts. The stock has rallied 11.1% over the past three months, while the bank ETF has advanced 13.1% and the S&P 500 has gained 11.9%.
- ETF Trends
Bank ETFs That Could Benefit from Increased M&A Activity
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.
- Yahoo Finance
Banks and tech will finally get married in the 2020s: Wells Fargo's Mike Mayo
After heavy investment, banks should finally get "married" to technology this decade, with fuller digital integration, according to veteran bank analyst Mike Mayo.
- Zacks
Bank ETFs to Ride High on the Holiday Shopping Spree
Let's take a look at a few bank ETFs that can gain traction from the sales upsurge in the holiday season.
- ETF Trends
Bank ETFs Can Keep Surging in 2020
The SPDR S&P Bank ETF (NYSEArca: KBE) is higher by 26.51% year-to-date, an arguably surprising rally when considering it was accrued against the backdrop of three interest rate cuts by the Federal Reserve. ...
- Barrons.com
The Bank Stocks Rally Should Continue in 2020. So Will These Stocks, Analyst Says.
Gerard Cassidy, managing director at RBC Capital Markets, thinks the rally in bank stocks should persist into 2020.
- Zacks
Why Bank ETFs Are Rising
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.
- ETF Trends
Now Heading To Bank ETFs For Value
Despite declining interest, which weighs on banks’ net interest margins, the SPDR S&P Bank ETF (NYSEArca: KBE) is higher by nearly 24% this year. Even with an impressive rally, some market observers believe ...
- Zacks
3 Reasons to Bet on Bank ETFs Now
The banking sector boasts a favorable operating backdrop, decent earnings and a value focus. Investors can bet on top-ranked financial ETFs to tap the trend.
- Investopedia
Fed Decision Could Signal Turning Point in Q4 Rally
Big moves in rate-sensitive instruments after the Fed decision could signal a reversal and lower equity prices.
- ETF Trends
Weak Data Reignites Rate Cut Talk, Pressuring This Bank ETF
A recent spate of slack economic data has plenty of market observers speculating that the Federal Reserve could again lower interest rates, perhaps as soon as this month, and that chatter is pressuring ...
- ETF Trends
Financial Sector, Bank ETFs Could Find Support from Regulatory Relief
The Federal Reserve could make major changes to bank rules and alleviate some of the pressure on the financial sector and related ETFs. The Fed said it would vote October 10 on a measure to ease liquidity ...
- Schaeffer's Investment Research
Puts Pop on Struggling Banking ETF During Rate-Cut Talk
The banking sector is in focus today with rate-hike expectations rising
- ETF Trends
3 ETFs to Watch as JP Morgan Stock Breaks Out
Global banking firm J.P. Morgan has reached new highs despite the Federal Reserve cutting interest rates, which could put the banking sector in a bind as lower rates could affect their lending businesses. Analysts like Miller Tabak’s equity strategist Matt Maley said that as bond prices climb, banking stocks could come under pressure. Investors have been piling in on bonds the last few months as a go-to safe haven shift, which has caused Treasury yields to fall and bond prices to climb.
- Investopedia
What to Watch After the Fed Decision
Price action in gold, bonds, and the banks should provide important feedback after Wednesday's interest rate decision.
- Zacks
5 ETF Zones to Watch Ahead of Fed Meeting
Several ETF zones are in focus and could see outsized volume depending on the Fed decision.
- Zacks
Bank Stocks Jump Despite Disappointing Near-Term Outlook
Amid a challenging operating backdrop, banks provide a dismal near-term guidance. This is expected to hurt their revenues going forward.
- Zacks
Bank ETFs Benefit From Steepening Yield Curve, But How Long?
Though the latest steepening of the yield curve benefited bank ETFs on Sep 9, chances of volatility in the longer-term period may keep gains in bank ETFs at check.
- ETF Trends
Bank ETFs Break Out on Rising Treasury Yields
Bank sector-related ETFs found strength Monday as government bonds pulled back and yields climbed on easing investor fears surrounding a U.S.-China trade war that has shown signs of de-escalation. On Monday, ...
- Zacks
Trade War Escalation Likely to Hurt Bank Stocks' Prospects
Further worsening of the trade war is likely to have a significant adverse impact on the banks' financials.
- ETF Trends
Why Financial ETFs Are Healthier Than Recent Action Suggests
The Financial Select Sector SPDR (NYSEArca: XLF), the largest financial services ETF, is lower by more than 5% this week. That’s ugly price action to be sure, but it may also belie significant opportunity ...
