|Bid||37.88 x 1100|
|Ask||37.99 x 800|
|Day's Range||37.77 - 39.64|
|52 Week Range||26.64 - 55.11|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||-27.25%|
|Beta (5Y Monthly)||1.56|
|Expense Ratio (net)||0.35%|
One Seattle-area bank says the Fed's abrupt move to lower interest rates by half a percentage point may instead lend "credence to the kind of panic" reminiscent of 2008.
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.
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 ...
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.
Regional banks and sector-related ETFs could be particularly sensitive to an inverted yield curve. “Asset sensitive” banks that are heavily weighted towards floating-rate loans could face a hit to their ...