|Bid||22.94 x 800|
|Ask||23.01 x 1300|
|Day's Range||23.66 - 23.67|
|52 Week Range||19.69 - 43.74|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.95%|
Bank and financial sector-related ETFs have been underperforming despite the rising interest rate environment, and the segment of the market may continue to drag its feet. The Financial Select Sector SPDR (XLF) rose 1.2% and SPDR S&P Bank ETF (KBE) gained 2.5% so far this year, whereas the S&P 500 increased 10.1%. Despite the Federal Reserve's intention to continue raising interest rates, Matt Maley, equity strategist at Miller Tabak, highlighted the recent underperformance in banks and issued a warning over the weakness, CNBC reports.
Second-quarter earnings from the financial services sector started flowing in last week, but that was just the start of the sector's earnings avalanche. Several of the largest U.S. money center banks and asset managers as well as a slew of their smaller counterparts deliver earnings reports this week. The S&P Regional Banks Select Industry Index, one of the most widely followed gauges of regional bank stocks, is up 3.40 percent year-to-date.
The financial services sector has had its shares of struggles this year, vexing investors even as interest rates rise and members of the sector report strong earnings. FAS seeks to deliver three time the daily performance of the Russell 1000 Financial Services Index. FAS has a bearish counterpart, the Direxion Daily Financial Bear 3X Shares (FAZ) .
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 ...
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 ...
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank exchange traded fund, is up more than 10% year-to-date and some market observers believe regional bank stocks offer more upside. ...
The Direxion Daily Regional Banks Bull 3X Shares (NYSE:WDRW) gained more than 4 percent Wednesday after minutes from the Federal Reserve's most recent meeting revealed that the central banks sees an “ ...
The SPDR S&P Regional Banking ETF (NYSEArca: KRE), the largest regional bank ETF, is up nearly 3% to start 2018 and some options traders are taking another look at the popular fund. KRE and rival regional ...
The S&P Regional Banks Select Industry Index, one of the most widely followed gauges of regional bank stocks, jumped 3 percent last week. That could be a sign some traders are betting asset that are positively ...
A Federal Open Market Committee meeting is usually good for some increased activity in regional bank stocks and the relevant ETFs. Historically, regional bank stocks are highly correlated to Fed action, ...