|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||51.77 - 52.32|
|52 Week Range||42.21 - 62.03|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.20|
|Expense Ratio (net)||0.35%|
The financial sector and bank ETFs may continue to gain momentum as the better-than-expected fourth quarter results and improving outlook help lift sentiment on this cheap segment of the market. Goldman ...
Bank stocks and sector-related bank ETFs plunged on Friday, despite strong third quarter profit results. Meanwhile, the broader Financial Select Sector SPDR (NYSEArca: XLF) fell 0.9%. J.P. Morgan Chase (JPM) , Citigroup (NYSE: C) , Wells Fargo (WFC) and PNC Financial Services (PNC) all revealed strong quarterly results on Friday, but the markets did not appear impressed.
Wall Street banks are expected to report on a big three-month run, but a profitable quarter may not be enough for bank ETFs. Year-to-date, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) gained 2.2%, ...
Rising borrowing costs are not necessarily a cause for concern as rising interest rates typically go hand in hand with a growing economy, and financial stocks and sector-related exchange traded funds may do especially well in this type of environment. "When yields experience large changes in short periods of time, stocks can struggle to digest the moves," Bernstein's Noah Weisberger said in a note, according to CNBC. "So long as signs continue to point to a growth-driven move in yields, we think that over the medium term, stocks will fare well," Weisberger added.
Crude oil has again taken the headlines this week along with the ongoing political debacle in Italy. The black commodity started to reverse gains after Saudi Arabia and Russia hinted that output could be boosted to avoid a supply shock. Regional banks trended second after U.S. Congress rolled back legislation aimed to prevent a fresh financial crisis. Small-Cap Index Russell 2000 felt like a safe haven amid the market turmoil and was third in the list. Emerging markets equities and emerging markets bonds close the list. Check out our previous trends edition at Trending: Strong Dollar Plunges Argentina Into Crisis, Again