|Bid||63.98 x 1200|
|Ask||63.99 x 1000|
|Day's Range||63.07 - 64.11|
|52 Week Range||49.31 - 66.04|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
Dow Jones stock Goldman Sachs rose Monday ahead of this week's Federal Reserve monetary policy meeting, which could give bank stocks a boost.
Investors should keep a close eye on the ETFs that are especially volatile this week with key events like Fed and ECB meeting as well as US-North Korea summit.
This article was originally published on ETFTrends.com. It has been awhile since the banking sector saw a legitimate wave of consolidation. In a sign that that could be changing, Fifth Third Bancorp (FITB) said Monday it will acquire rival MB Financial (MBFI) for $4.7 billion.
The first quarter of 2018 wasn’t exactly that wonderful for investors. It started out just fine — driven by rising GDP growth and expectations of the new Republican tax plan … but then things sort of fell out. Volatility returned with a vengeance and the market entered a downward spiral. The benchmark SPDR S&P 500 ETF Trust (NYSEARCA:SPY) dropped 2.64% in March after a 3.89% decline in February. All in all, the SPY managed to lose about 1.17% over the entire first quarter.
With Treasury yields continuing to flirt with the important 3% area, some rate-sensitive asset classes are benefiting, including regional bank stocks and the related exchange traded funds. The SPDR S&P ...
Netflix impressed, yet again, by surpassing sky-high subscription estimates, ranking first on this week’s list. The unexpected shift to a more peaceful approach from the North Korean authorities, coupled with the upcoming summit between the two neighbors of the Korean Peninsula, put South Korea into the spotlight these past few days. Regional banks are set to capitalize on rising interest rates and deregulation, while commodities, particularly aluminum prices, whipsawed on strong demand, trade conflicts and U.S. sanctions. Check out our previous trends edition at Trending: Investors Apathetic to Barclays’ $1.2 Billion ETN Shutoff.
Key market index funds were down across the board as General Electric weighed on the Dow but Boeing soared on its earnings report.
From both an economic and regulatory perspective, banks should be doing great right now, but even with solid fundamentals, the Financial Select Sector SPDR ETF (XLF) is still slightly in the red for the year. Keefe, Bruyette & Woods' Frederick Cannon argues that the Goldilocks environment itself might actually be the problem. Cannon writes that at first blush, this sounds like a good setup for financial stocks.
The largest exchange-traded fund to track the financial sector jumped on Thursday, extending a recent upswing for the fund. The Financial Select Sector SPDR ETF rose 1.8% and was on track for its biggest ...
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, has recently given back the bulk of its 2018 gains, but some analysts remain enthusiastic about the prospects ...
One of the relatively newer sets of exchange-traded funds in the market are known as “smart beta” funds. Smart beta ETFs are created by taking a very specific approach to an index, such that it kind of becomes a subset of a particular index. Smart beta ETFs may also derive from some kind of market inefficiency that a computer or fund manager notices.
In March 2018, Boston Federal Reserve president Eric Rosengren delivered the keynote at the tenth conference organized by the International Research Forum on Monetary Policy. The discussion aimed to analyze if the US economy was equipped with the policy tools to combat a recession. Rosengren repeatedly cautioned the audience that he was not predicting a recession anytime soon, though wanted to highlight that it is the right time to prepare for any future slowdown.
Financial services stocks and related bank ETFs were one of last year’s hottest sector trades and a group that started 2018 in impressive fashion, but scenario has rapidly reversed. For example, the Financial ...
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 ...
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 ...