|Bid||41.57 x 2000|
|Ask||41.84 x 2000|
|Day's Range||41.41 - 41.76|
|52 Week Range||32.50 - 47.00|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Sectors of the S&P 500 Index (SPY) play an important role. When economic activity improves and the market is strong, major sectors perform well.
Moody's Rita Sahu and her team recently reviewed banks' second-quarter earnings, writing that while profits were up, they were offset a bit by rising liability costs. Sahu writes that U.S. banks's profits got a boost from rising short-term interest rates in the second quarter, even as capital markets revenues declined. Strong earnings meant that many banks were able to raise their capital ratios during the quarter as well: The median Common Equity Tier 1 (CET1) capital ratio for the group increased to 11.0% from 10.8% last year.
Low interest rate levels may keep bank ETFs subdued, but there are several factors that call for a bullish take on these investments.