|Bid||48.95 x 300|
|Ask||56.00 x 100|
|Day's Range||48.87 - 49.36|
|52 Week Range||34.35 - 51.45|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Inside Q2 banking earnings and impact on financial ETFs.
What weighed on Bank ETFs on July 14 despite decent earnings results?
Todd Rosenbluth is director of ETF and mutual fund research at CFRA. After another successful year passing the Federal Reserve’s stress tests, many large-cap financial institutions received the green light yesterday to return capital to shareholders through dividends and buybacks. Shareholders of Bank of America, Citigroup, JPMorgan Chase, Morgan Stanley and Wells Fargo—both direct and through funds—should expect to see such cash deployment in the second half of 2017.