XLF - Financial Select Sector SPDR ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
25.73
+0.03 (+0.12%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close25.70
Open25.80
Bid0.00 x 4000
Ask0.00 x 2200
Day's Range25.44 - 25.83
52 Week Range22.05 - 30.33
Volume44,072,057
Avg. Volume72,921,698
Net Assets22.86B
NAV25.71
PE Ratio (TTM)N/A
Yield2.08%
YTD Return22.74%
Beta (3Y Monthly)1.10
Expense Ratio (net)0.13%
Inception Date1998-12-16
Trade prices are not sourced from all markets
  • ETF Trends16 hours ago

    What is an Exchanged-Traded Fund (ETF)?

    Over the last decade, the ETF emerged as one of the most popular investment vehicles. “ETF” stands for exchange-traded fund, which is a type of security that tracks an index, bonds, commodities, currencies, ...

  • CNBC19 hours ago

    As the markets test a key level, history suggests there's more upside ahead

    The new year rally now hangs in the balance as the S&P 500 sits right between its all-time high and December low. On Tuesday, all three major stock indexes notched their second-worst daily decline of the year after China, the world's second largest economy, posted its lowest annual growth rate in nearly three decades. At Tuesday's close, the S&P 500 was less than 11 percent from its all-time intraday high of 2940.91 made last September and up nearly 12 percent from its intraday low of 2346.58 from the end of December.

  • Banks Could Outperform Broader Markets in 2019
    Market Realist20 hours ago

    Banks Could Outperform Broader Markets in 2019

    Which Banks Could Outperform Broader Markets in 2019?Banks’ momentum The top five US banks (XLF) reported their fourth-quarter results last week. Since the results, the stocks have been showing a strong uptrend. Bank of America (BAC) and Goldman

  • Investing.com20 hours ago

    MarketPulse: Capital One Loses Its Street Cred Amid 'Confidence Shaking' Results

    Investing.com - Capital One slumped, dragging financials lower, after it delivered quarterly results that spooked the sell-side community.

  • Why Bank ETFs Can Continue to Rise Despite Mixed Q4 Earnings
    Zacks20 hours ago

    Why Bank ETFs Can Continue to Rise Despite Mixed Q4 Earnings

    Big U.S. banks are rallying despite having come up with mixed results. Will the rally last?

  • 3 Charts That Suggest Global Financials Are Headed Lower
    Investopedia20 hours ago

    3 Charts That Suggest Global Financials Are Headed Lower

    The financial sector is often a gauge of future market performance. The chart patterns mentioned in this article suggest that prices are headed lower.

  • MarketWatch2 days ago

    Wells Fargo boosts dividend by 5%

    Wells Fargo & Co. said Tuesday it will raise its quarterly dividend by 5%, as part of its 2018 capital plan which received a "non-objection" from the Federal Reserve. The new dividend of 45 cents a share, up from 43 cents a share, will be payable March 1 to shareholders of record on Feb. 1. The stock was little changed in afternoon trade, while the SPDR Financial Select Sector ETF slumped 1.3%. At current prices, the new annual dividend rate implies a dividend yield of 3.60%, compared the implied yields for the financial ETF (XLF) of 1.93% and for the S&P 500 of 2.12%, according to FactSet. Wells' stock has declined 22.7% over the past 12 months, while the XLF has shed 13.8% and the S&P 500 has declined 7.2%.

  • S&P 500 reaches firmer technical ground, pulls in from major resistance
    MarketWatch2 days ago

    S&P 500 reaches firmer technical ground, pulls in from major resistance

    Technically speaking, the U.S. benchmarks’ January rally attempt is intact, writes Michael Ashbaugh. Still, the S&P 500 has tagged major resistance — the 2017 close (2,673) — and the aggressiveness of the selling pressure in this area will likely add color.

  • MarketWatch2 days ago

    Financial stocks fall, as XLF on track to snap 11-day win streak

    The SPDR Financial Select Sector ETF fell 0.6% in morning trade Tuesday, putting it on track to snap an 11-session win streak, with 61 of 67 equity components losing ground. The financial ETF (XLF) has run up 10.7% during the win streak. Among the XLF's most heavily weighted components, shares of Warren Buffett's Berkshire Hathaway Inc. fell 0.4%, J.P. Morgan Chase & Co. shed 1.1%, Bank of America Corp. gave up 0.5% and Citigroup Inc. lost 1.0% in early trade. The win streak is currently the longest since the record 13-day stretch ending Nov. 10, 2014, and it comes after about seven months after its record 13-session losing streak that ended June 27, 2018. The XLF has slipped 1.0% over the past three months, while the S&P 500 has declined 3.7%.

  • Bank of America Stock: Analysts Maintained a ‘Buy’
    Market Realist6 days ago

    Bank of America Stock: Analysts Maintained a ‘Buy’

    Bank of America Posted Strong Fourth-Quarter Results(Continued from Prior Part)Higher target priceBank of America (BAC) impressed investors with its fourth-quarter results. The higher net interest income, loans, and deposits drove the bank’s top

  • ETF Scorecard: January 18 Edition
    ETF Database6 days ago

    ETF Scorecard: January 18 Edition

    To help investors keep up with the markets, we present our ETF Scorecard. The Scorecard takes a step back and looks at how various asset classes across the globe are performing. The weekly performance is from last Friday’s open to this week’s Thursday close.

  • Bank stocks are flying high in 2019, but here’s why the party might not last
    MarketWatch7 days ago

    Bank stocks are flying high in 2019, but here’s why the party might not last

    The financial sector is having a great start to the New Year, with the Financial Select Sector SPDR Fund (XLF) adding 6.9% so far this month. In addition, the financial sector is achieving this with the sort of healthy breadth it hasn’t seen in more than a year, according to a Thursday note by Bespoke Investment Group.

  • MarketWatch7 days ago

    Morgan Stanley's stock heads for biggest one-day post-earnings selloff since the financial crisis

    Shares of Morgan Stanley sank 5.6% in morning trade Thursday, after the bank and broker's fourth-quarter results snapped a 12-quarter streak of earnings beats, to put it on track for the biggest one-day post-earnings selloff since the financial crisis. The last time the stock fell more on the day earnings were reported was when the stock tumbled 9.0% on April 22, 2009, when Morgan Stanley reported results for the first-quarter 2009. The previous biggest decline since then was 5.4% on April 18, 2013 after first-quarter 2013 results. The stock has tumbled 24% over the past 12 months, while the SPDR Financial Select Sector ETF has shed 14% and the S&P 500 has given up 6.7%.

  • MarketWatch7 days ago

    Morgan Stanley's stock tumbles as sales and trading business suffers from volatile markets

    Shares of Morgan Stanley tumbled 5.7% in premarket trade, after the brokerage blamed a "volatile global market environment" for disappointing sales-and-trading results, for its customers and itself. Equity sales and trading revenue was "essentially unchanged" at $1.9 billion, below the FactSet consensus of $2.04 billion, as higher revenue in the financing business was partially offset by lower execution results. For fixed income and trading, revenue dropped 30% to $564 million, well below the FactSet consensus of $800 million. Credit and rates products results were hurt by "significant credit spread widening and volatile rate environments," partially offset by increases in commodities revenue. Investment revenue were negative $52 million, after being a positive $213 million a year ago, primarily because of "market deterioration of a publicly traded investment subject to sale restrictions," which suggests the value of shares it owned of an initial public offering declined before the lockup expired. Morgan Stanley's stock has lost 19.6% over the past 12 months through Wednesday, while the SPDR Financial Select Sector ETF has lost 13.5% and the S&P 500 has shed 6.7%.

  • ETF Trends8 days ago

    Bank of America’s Record Earnings Report Helps Lift Bank Sector ETFs

    Bank of America revealed better-than-expected fourth quarter results on rising interest rates and lower taxes, lifting bank stocks and financial sector-related ETFs. On Wednesday, the Invesco KBW Bank ...

  • MarketWatch8 days ago

    Morgan Stanley's stock jumps into bull-market territory ahead of earnings

    Shares of Morgan Stanley shot up 4.8% in afternoon trade Wednesday, enough to enter bull-market territory, a day before the broker is scheduled to report fourth-quarter results. The rally comes after shares of fellow large-capitalization financial Goldman Sachs Group Inc. soared 9.1% and Bank of America Corp. ran up 7.7% after they reported better-than-expected results. Morgan Stanley's stock is trading 21.5% above its 2-year closing low of $37.01 on Dec. 24; many chart watchers define a bull market as a rally of 20% or more off a bear-market low. Morgan Stanley is scheduled to report fourth-quarter results before Thursday's open. It has beat earnings expectations the past 12 quarters and has beat on revenue the past 10 quarters. Morgan Stanley's stock has slipped 2.3% over the past three months, while the SPDR Financial Select Sector ETF has given up 4.6% and the S&P 500 has shed 6.6%.

  • ETF Trends8 days ago

    Can This Leveraged Financial ETF Bank on More Gains in 2019?

    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 ...

  • Big Banks Might be Resilient, But XLF is Still Vulnerable to Negative Earnings
    InvestorPlace8 days ago

    Big Banks Might be Resilient, But XLF is Still Vulnerable to Negative Earnings

    To receive further updates on this Financial Select Sector SPDR ETF (NYSEARCA:XLF) trade as well as an alert when it's time to take profits, sign up for a risk-free trial of Maximum Options today. This morning I am recommending a bearish trade on the Financial Select Sector SPDR ETF (NYSEARCA:XLF). This ETF's holdings are made up of many different financial stocks, including big banks like JP Morgan Chase & Co. (NYSE:JPM), Wells Fargo & Company (NYSE:WFC) and Citigroup , Inc. (NYSE:C). With earnings season approaching, financial stocks are in a tough position, and XLF may struggle as a result. InvestorPlace - Stock Market News, Stock Advice & Trading Tips ### Holding Big and Small Banks XLF's top holdings are large banks like those listed above, and so far their earnings reports are mixed. On Monday, C reported that it beat earnings per share (EPS) expectations by $0.06 (or $0.09 when accounting for the impact of the 2017 tax reform), but it missed its revenue target by over a quarter of a billion dollars. Still, C was able to rally on this news. WFC was in a similar situation, beating EPS estimates and falling short on revenue. WFC shares fell nearly 3% yesterday, partially because the Federal Reserve will restrict WFC's growth longer than expected. The Federal Reserve imposed these regulations after a series of consumer abuses, and it rejected WFC's recent prevention plan. JPM missed both earnings and revenue, but rallied anyways. These big banks might be able to rally through mixed or even negative earnings reports, but XLF also holds smaller, regional banks like BB&T Corporation (NYSE:BBT), M&T Bank Corp (NYSE:MTB) and Zions Bancorporation N.A. (NASDAQ:ZION). These smaller banks won't be as resilient to negative earnings, and they start reporting later this week. If enough smaller banks start reporting mixed or negative numbers, XLF could fall. ### Two Layers of Resistance Looking at the chart of XLF, we can see a few areas of potential resistance. It formed support just above the $25 level in October of 2018. Regular readers know, old support can act as new resistance, and even if XLF makes it past $25, it will still have to cross the $26 level, which acted as support throughout November and December. Daily Chart of Financial Select Sector SPDR ETF (XLF) -- Chart Source: TradingView XLF's performance depends on both big and small banks, and it won't overcome resistance without some positive earnings numbers from across its many holdings. For that reason, I am recommending a bearish trade this morning. Using a spread order, buy to open the XLF March 15th $24 put and sell to open the XLF March 15th $22 put for a net debit of about $0.50. A debit spread is simply a way to lower the cost of buying options, as the option that you sell to open (short) helps offset the cost of the option that you buy to open. Therefore, this put debit spread is a way to lower the cost of buying bearish put options. Many brokers will require the use of margin and/or a set amount of reserved capital to execute a debit spread; contact your broker directly for specific requirements. Follow our Facebook page to receive each Trade of the Day direct to your News Feed -- and join the conversation. InvestorPlace advisor Ken Trester brings you Power Options Weekly, which delivers 5 new options trades and his latest trading advice to you each Friday. Trester has been trading options since the first exchanges opened in 1973 with a winning streak that goes back to 1984 with money-doubling average annual profits since 1990. Compare Brokers The post Big Banks Might be Resilient, But XLF is Still Vulnerable to Negative Earnings appeared first on InvestorPlace.

  • MarketWatch8 days ago

    Bank of America's stock surges after beating on revenue, while peers couldn't

    Shares of Bank of America Corp. shot up 4.6% toward a 6-week high in premarket trade Wednesday, after the company beat earnings expectations and also snapped a streak of major banks missing revenue expectations. BofA reported fourth-quarter total revenue that rose to $22.74 billion from $20.44 billion, above the FactSet consensus of $22.35 billion. Earlier this week, Citigroup Inc. , J.P. Morgan Chase & Co. and Wells Fargo & Co. all missed revenue expectations, with J.P. Morgan going as far tobreak a streak of 12-straight beats. For BofA, net interest income rose to $12.30 billion from $11.46 billion, topping the FactSet consensus of $12.20 billion, while noninterest income grew to $10.43 billion from $8.97 billion to beat expectations of $10.12 billion. For revenue, growth in consumer banking, global wealth and investment management and global banking offset a decline in global markets. The stock has lost 6.9% ove the past three months through Tuesday, while the SPDR Financial Select Sector ETF has shed 7.0% and the Dow Jones Industrial Average has declined 6.7%.

  • Bank of America, Goldman Sachs report - What to know in markets Wednesday
    Yahoo Finance8 days ago

    Bank of America, Goldman Sachs report - What to know in markets Wednesday

    Wednesday will be another big earnings day for some of the largest U.S. banks as Goldman Sachs and Bank of America report.

  • 5 Best Bank ETFs for This Week’s Earnings Avalanche
    InvestorPlace9 days ago

    5 Best Bank ETFs for This Week’s Earnings Avalanche

    Fourth-quarter earnings season commences in earnest this week. As is the case during every earnings season, the financial services sector, the third-largest sector weight in the S&P 500, gets the earnings ball rolling. This week alone, more than 31% of the members of the Russell 1000 Financial Services Index step into the earnings confessional. Over the following three weeks, 43.76% of that benchmark's member firms deliver fourth-quarter results. On Monday, Citigroup Inc. (NYSE:C) kicked off this week's parade of bank earnings, reporting a fourth-quarter profit of $4.2 billion, or $1.61 a share, up from $3.7 billion, or $1.28 a share, a year earlier. Analysts expected New York-based Citi to earn $1.55 per share. InvestorPlace - Stock Market News, Stock Advice & Trading Tips On Jan 7, FactSet wrote: "They S&P 500 is expected to report earnings growth of 11.4% for the fourth quarter. What is the likelihood the index will report an actual earnings increase of 11.4% for the quarter? Based on the average change in earnings growth due to companies reporting positive earnings surprises, it is likely the index will report earnings growth above 15% for Q4, but below the 25% growth reported in the previous three quarters." * 8 Dividend Stocks With Growth on the Horizon With a slew of marquee banks reporting earnings this week, some of the following related bank ETFs could be worth monitoring, particularly because expectations for the sector are low heading into this earnings season. ### Financial Select Sector SDPR (XLF) Source: Shutterstock Expense ratio: 0.13% per year, or $13 on a $10,000 investment. The Financial Select Sector SDPR (NYSEARCA:XLF) is not a dedicated bank ETF, but it is the largest financial services ETF on the market and it does allocate over 43% of its weight to bank stocks, more than double its second-largest sector weight. Coming off a 13% loss last year, XLF could use the assistance of some better-than-expected earnings reports to see its near-term fortunes boosted. There are immediate catalysts with the potential to determine this sector ETF's near-term performance. JPMorgan Chase & Co. (NYSE:JPM) and Wells Fargo Co. (NYSE:WFC), which combine for 16.49% of this bank ETF's weight, report earnings this week. This bank ETF has work to do to recapture investors' confidence. As XLF slumped last year even amid four interest rate hikes by the Federal Reserve, investors yanked $5.35 billion from the fund, a total exceeded by just four other ETFs. Investors remain leery of this bank ETF as highlighted by outflows from XLF of more than $794 million last week. ### SPDR S&P Bank ETF (KBE) Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. As its name implies, the SPDR S&P Bank ETF (NYSEARCA:KBE) is a dedicated bank ETF, putting it front and center among the primary options to consider amid this week's onslaught of bank ETFs. The $2.72 billion KBE tracks the S&P Banks Select Industry Index and holds 85 bank stocks across all three market capitalization segments (large, mid and small). This bank ETF's holdings have a weighted average market value of $22.92 billion, indicating it tilts toward larger bank stocks. * 5 Fallen-Angel Stocks That Have Been Oversold KBE is an equal-weight ETF and none of its components command weights of more than 1.73%, indicating single stock risk is minimal with this bank ETF. That also means KBE needs the assistance of a lot of strong reports to deliver earnings season upside. ### Invesco KBW Bank ETF (KBWB) Source: Shutterstock Expense ratio: 0.35% per year, or $35 on a $10,000 investment. The Invesco KBW Bank ETF (NASDAQ:KBWB) is another dedicated bank ETF, but it features significant differences relative to the aforementioned KBE. KBWB tracks the widely followed KBW Nasdaq Bank Index and is a cap-weighted fund. KBWB holds just 24 stocks and is dominated by the largest U.S. banks. That means this bank ETF is bound to be tested this week. Bank of America Corp. (NYSE:BAC), JPMorgan Chase and Wells Fargo combine for about 24% of KBWB's weight. As is the case with other bank ETFs, KBWB leans heavily toward the value factor because financial services stocks have been widely regarded as value plays for over a year. Over 78% of KBWB's holdings are considered large- and mid-cap value plays. ### iShares U.S. Financials ETF (IYF) Source: Ken Teegardin via Flickr Expense ratio: 0,43% per year, or $43 on a $10,000 investment. The $1.69 billion iShares U.S. Financial Services ETF (NYSEARCA:IYF) tracks the Dow Jones U.S. Financials Index and has a deeper bench than some rival bank ETFs as highlighted by a roster of 285 stocks. Like the aforementioned XLF, IYF is more of a diversified financial services ETF. That said, IYF allocates 29.58% of its weight to bank stocks, making that the fund's largest industry weight. Five of IYF's top 10 holdings are bank stocks and all five of those names deliver fourth-quarter results this week. Many of the same stocks that dominate XLF and KBWB are important to IYF's performance as well. "Analysts are expecting a decent set of numbers, given an economy that seems in good shape based on holiday retail sales and employment numbers, subdued inflation and a more dovish Federal Reserve," reports MarketWatch. * 8 Dividend Stocks With Growth on the Horizon IYF is up 3.73% to start 2019. ### Invesco S&P 500 Equal Weight Financials ETF (RYF) Source: Shutterstock Expense ratio: 0.40% per year, or $40 on a $10,000 investment. The Invesco S&P 500 Equal Weight Financials ETF (NYSEARCA:RYF) can be seen as an equal-weight alternative to XLF, meaning no single stock charts the course for this bank ETF. RYF actually features lower bank exposure than XLF as insurance providers and capital markets are larger industry weights in the equal-weight fund than traditional banks. Still, RYF has potency as a bank earnings season play. While it may be in the spotlight this week on par with KBWB or XLF, the equal-weight bank ETF could be worth considering in the latter stages of bank earnings season (next week and into early February). RYF is another example of a bank ETF with value tendencies. Approximately 60% of the fund's 68 holdings are classified as value stocks. Todd Shriber owns shares of XLF. ### More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 10 Companies That Could Post Decelerating Profits * 10 A-Rated Stocks the Smart Money Is Piling Into * Mizuho: 7 Long-Term Value Stocks to Buy Now Compare Brokers The post 5 Best Bank ETFs for This Week's Earnings Avalanche appeared first on InvestorPlace.

  • MarketWatch9 days ago

    Wells Fargo spent $7.3 billion on stock buybacks, helping EPS rise while net income fell

    Wells Fargo & Co.'s fourth-quarter profit beat, while revenue missed, appears to have been aided by the bank spending over $7 billion on share buybacks during the fourth quarter. Wells reported a net income decline, to $6.064 billion from $6.151 billion a year, but earnings per share increased to $1.21 from $1.16, as common shares outstanding declined 6.3% to 4.581 billion shares from 4.892 billion shares. The FactSet EPS consensus was for an increase to $1.19 from $1.16 a year ago. Wells said it bought back 142.7 million shares during the fourth quarter, which net of issuances, lowered shares outstanding by about 130.2 million. Wells said it spend $7.30 billion on share repurchases during the fourth quarter, implying an average buyback-price of $51.15. For 2018, Wells said it spent $20.63 billion on stock buybacks.

  • Mario Gabelli answers your questions
    CNBC Videos15 hours ago

    Mario Gabelli answers your questions

    'Halftime Report' guest Mario Gabelli, Gabelli Funds Founder & Chairman, answers viewer questions on financials, health care, autos, and more.

  • OP-Ed: Why it's time to fire your male broker
    Yahoo Finance Video6 days ago

    OP-Ed: Why it's time to fire your male broker

    Blair DuQuesnay had a piece in the New York Times this week which highlighted a number of the gender problems in the money management business. She joins The Final Round why you should consider firing your male broker.

  • Are we talking ourselves into a recession?
    Yahoo Finance Video8 days ago

    Are we talking ourselves into a recession?

    The slow down in global growth, trade wars and US government shutdown could all be catalysts for a recession - and still the US economy remains strong. Yahoo Finance Julie Hyman, Adam Shapiro, Brian Cheung, and Oliver Pursche Chief Market Strategist, Bruderman Asset Management discuss.