|Bid||0.00 x 3000|
|Ask||0.00 x 900|
|Day's Range||27.05 - 27.42|
|52 Week Range||23.79 - 30.33|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.14%|
The Dow is set to break an 8 day losing streak to end the week This is The Final Round.
CNBC's Wilfred Frost looks at the results of the latest bank stress test. Is it time to bank on the financials? With CNBC's Melissa Lee and the Fast Money traders, Dan Nathan, Karen Finerman, Brian Kelly and Guy Adami.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves as the world's largest US banks are set to take the stress test and return capital to shareholders if they pass.
Yahoo Finance's Jared Blikre joins Seana Smith from the floor of the New York Stock Exchange to discuss the latest market moves.
Jonathan Corpina of Meridian Equity Partners joins Yahoo Finance's Alexis Christoforous from the floor of the New York Stock Exchange to discuss the latest market moves.
3 stocks you should buy post Fed. Should you bank on the banks? With Robert Sluymer, Fundstrat Global Advisors, CNBC's Melissa Lee and the Fast Money traders, Tim Seymour, David Seaburg, Dan Nathan and Guy Adami.
A pullback in Treasury yields and the pending results of bank stress tests have weighed on some financial sector investors' minds, triggering large outflows out of bank-related ETFs. The Federal Reserve’s instructions for 2018 Comprehensive Capital Analysis and Review (CCAR) stress tests are being viewed as tougher this year.
The Financial Select Sector SPDR (XLF) , the largest financial services ETF, is lower by 3% over the past month, but some market observers believe the sector warrants renewed attention in the current interest rate climate. Earlier this year, financials were also propped up by a rise in bond yields as higher interest rates typically widen the margin spread between bank loans and deposits. The spreads will further widen as the Federal Reserve has stated its intentions to raise interest rates in response to economic growth and rising inflation.
Overall, it hasn't been a good year for the financial sector as evidenced by the S&P 500 Financials index down 1.71 percent year-to-date. Things could get more interesting if blockchain technology, the underlying technology that forms the basis of cryptocurrencies, takes off and disrupts or vastly improves the industry. The two bucking the downtrend are SPDR S&P Regional Banking ETF (KRE) --up 7.47% year-to-date and SPDR S&P Bank ETF (KBE) --up 3.28% year-to-date.
The sector with some of the hottest stocks in the past decade, tech segments remain the fastest growing industries today. The “FAANG” contingent of Facebook Inc. (NASDAQ: FB), Amazon.com, Inc. (NASDAQ: AMZN), Apple Inc. (NASDAQ: AAPL), Netflix, Inc. (NASDAQ: NFLX) and Google-parent Alphabet Inc. (NASDAQ: GOOG) (NASDAQ: GOOGL) have resumed their upward climb after stumbling earlier in the year. Semiconductor plays like NVIDIA Corporation (NASDAQ: NVDA) and Advanced Micro Devices, Inc. (NASDAQ: AMD) have also been huge sources of strength.
Joseph Otting, the US Comptroller of the Currency, testified during congressional hearings last week. He said that a review of nearly 40 banks found that as many as 10,000 accounts are opened without customer authorization during a three-year period. Wells Fargo (WFC) wasn’t the only US bank that opened unauthorized accounts.
IN THE NEWS Week after week in 2018, cryptocurrency investors have been hit by a stream of negative headlines about increasing regulation and cryptocurrency-related thefts, hacks and scams. But even in ...
The Federal Reserve again raised interest rates on Wednesday, marking the fifth time it has done so since the start of 2017. Bond market observers believe the Fed could increase rates two more times before ...
In line with Wall Street expectations, the Federal Reserve raised the interest rate by 25 basis points, citing strong economic health and a lower unemployment rate. There are indications that there will be two more rate hikes in 2018 and three in 2019. If that happens, the interest rate could be 3.25% by the end of 2019.
J.P. Morgan Private Bank's Stephen Parker is highlighting three groups that could outperform as interest rates climb. According to Parker, the Fed's intention to raise rates multiple times in 2018 also bodes well for financials — particularly regional banks.
Financial stocks added to gains in afternoon trade Wednesday, after the Federal Reserve nudged up its target range for the fed funds rate by 0.25 percentage points (25 basis points) to 1.75% to 2.00%, ...