|Bid||67.98 x 800|
|Ask||67.99 x 1100|
|Day's Range||67.88 - 68.40|
|52 Week Range||55.16 - 72.97|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||1.11|
|Expense Ratio (net)||0.10%|
The S&P 500 Financials Sector index is up over 17 percent year-to-date thanks to better-than-expected earnings in the first quarter from banks. “I would go back to XLF, and here’s why,” said Tim Seymour, founder and chief investment officer of Seymour Asset Management, during CNBC’s “Fast Money.” “You have the money center banks, which make up 35% of this ETF, and then you have Berkshire Hathaway, which, frankly, I think you could strip out of there.
A slight flattening of the yield curve may hurt bank stocks' profitability, but underwriting of several unicorn IPOs should help these financial ETFs.
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 ...
The Direxion Daily Financial Bull 3X ETF (NYSEArca: FAS) gained 5.62 percent on Wednesday as banks like Goldman Sachs and Bank of America reported positive earnings in what’s been a sold start to 2019 ...
Earnings beat prospect in Q4 for banks may be bleak, but a steepening yield curve and cheaper valuation could boost bank ETFs in the near term.
The capital markets were hoping for doves before Christmas, but it was on Dasher, on Prancer and on with more rate hikes by the Fed on Wednesday. As such, financial exchange-traded funds (ETFs) declined on the notion that more rate hikes could hurt business in 2019. Financial Select Sector SPDR (XLF) fell 1.25 percent, the SPDR S&P Bank ETF (KBE) dropped 2.64 percent and the Vanguard Financials ETF (VFH) shed 1.52 percent.
The U.S. equity rally is beginning to lose steam and investors should not expect markets to maintain their breakneck spurt of yesteryear. Nevertheless, traders may still find value in some battered sectors ...
The "Trump bump" sent financial stocks on a 14-month rally as Wall Street cheered the President's election promises to slash company taxes, reduce regulation and ease strict bank lending rules. The fund invests in financial stocks that make up the top 98% of the U.S. market by capitalization.
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.
If the U.S. is stuck in an escalating trade war, stocks and sector-related ETFs with the highest domestic sales exposure in the U.S. should begin to stand out. “If trade tensions continue to rise and new ...
According to TransUnion data, US personal loans outstanding grew from ~$71.9 billion a decade ago to ~$120 billion as of March. Personal loans, which aren’t collateralized by an asset, have been availed by ~17 million Americans. Financial technology startup shares like Lending Club, Prosper, and Avant increased from 0.90% in 2010 to 36.2% in 2017. At the same time, bank shares (VFH) (XLF) (IYF) declined from 34.1% to 26.4%.