|Bid||0.00 x 0|
|Ask||0.00 x 0|
|Day's Range||46.69 - 48.71|
|52 Week Range||39.60 - 52.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Rising interest rates and a favorable regulatory environment are among the catalysts seen supporting exchange traded funds such as the SPDR S&P Bank ETF (NYSEArca: KBE) and the SPDR S&P Regional Banking ...
On a day stocks plummeted due to fears of a trade war, Guess? reported a big sales gain and AbbVie announced disappointing results from a drug trial.
The largest exchange-traded fund to track the financial sector slumped on Thursday, dropping to a six-week low. The Financial Select Sector SPDR ETF fell 3.2% to $27.81, its lowest level since Feb. 9. ...
One of the primary reasons financial services stocks and bank ETFs rallied in the wake of President Trump’s 2016 election victory was speculation that he would try to ease the regulatory burden facing ...
Exchange-traded funds that track and financial and banking sectors rose sharply on Wednesday, after the Federal Reserve raised interest rates, as had been widely expected. The Financial Select Sector SPDR ...
Exchange-traded funds that track the banking sector surged on Wednesday, after minutes from the Federal Reserve's most recent meeting pointed to higher odds for more rate hikes going forward. The SPDR ...
On a day of strong gains for the market benchmarks, Fossil exceeded fourth-quarter earnings expectations, and Chipotle announced its new CEO.
See, bank stocks actually outperformed during the correction that started after the S&P 500 hit an all-time high on Jan. 26. The S&P 500 fell 10.2% through the close on Feb. 8, while banks dropped 8.9%, according to Strategas Research Partners' Chris Verrone. If you were trading ETFs, you did even better this time around, as the SPDR S&P 500 ETF (SPY) dropped 10.1% to the SPDR S&P Bank ETF's (KBE) 7.2% decline.
Banks had a strong end to 2017: Financials got a boost from the passage of the tax bill, leading many analysts to forecast strong returns and blue skies ahead for banks, both big global operators and smaller regional ones. Analyst Piers Brown and his team take a look at the sector today, writing that, as with so many industries, financial companies’ fourth-quarter reports will be filled with changes and one-time items as a result of the U.S. tax overhaul. Brown writes that while it was a relatively uninspiring end to 2017 (aside from the passage of the tax bill), he believes management commentary and outlook will drive the stocks as banks begin to report earnings, especially as growing global growth and certainty around taxes help capital markets.
After negotiating on two versions of the bill already passed by the House and Senate, Republicans unveiled their final tax bill — which would reshape the tax code in three decades, making America more competitive. The Congress will vote on the legislation on Tuesday and sent it to President Donald Trump for his signature by the end of the year.Source: Shutterstock
Stocks held modest gains Monday as Apple and Disney led the Dow, and Bitcoin's price leapt following a futures launch.
As much of the equity market marches to new highs on Monday, I'm keeping an eye on two groups of stocks specifically — energy and banks.