XLF - Financial Select Sector SPDR ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
28.74
-0.11 (-0.39%)
At close: 4:00PM EDT
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Previous Close28.85
Open28.95
Bid0.00 x 1000
Ask0.00 x 900
Day's Range28.70 - 29.00
52 Week Range25.23 - 30.33
Volume64,709,960
Avg. Volume50,469,841
Net Assets31.76B
NAV28.33
PE Ratio (TTM)N/A
Yield1.61%
YTD Return2.31%
Beta (3y)1.00
Expense Ratio (net)0.14%
Inception Date1998-12-16
Trade prices are not sourced from all markets
  • S&P 500, Dow finish higher led by Financials
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    S&P 500, Dow finish higher led by Financials

    The dow posting triple-digit gains, closing less than 1% from its all-time closing highs. Financials led the broader gains in the markets as banks surged on higher interest rates.

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  • Stocks slide on report that Trump is moving forward with China tariffs
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    Stocks erase gains as Trump reportedly says he wants to move forward with tariffs on $200 billion in Chinese goods. Yahoo Finance's Seana Smith, Dion Rabouin, Jen Rogers and Ethan Wolff-Mann weigh in.

  • As trade tensions rise, there are other headwinds threatening economy too
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    As trade tensions rise, there are other headwinds threatening economy too

    Yahoo Finance's Seana Smith and Dion Rabouin talk to Ron Weiner of RDM Financial Group about the biggest threats to the U.S. economy and where investors can find deals.

  • ETF Trends2 days ago

    Split Views on Bank Stocks, ETFs as Rates Rise

    Over the past week, XLF, the largest financial services ETF, is up more than 2%, upping its third-quarter gain to north of 5%. “After a summer slump, the XLF financial ETF rallied on Wednesday to its highest level in six months. Fund managers argued that banks have already hit peak earnings, pointing to some red flags such as the U.S. Treasury curve flattening as short-term yields rise in response to U.S. rate hikes from the Federal Reserve and long-term yields dip on growth and trade concerns.

  • ETF Scorecard: September 21 Edition
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  • Dow, S&P 500 surge to new highs
    Yahoo Finance3 days ago

    Dow, S&P 500 surge to new highs

    Stocks soaring to new highs today on the Dow and S&P 500 as trade fears continue to ease here.

  • Benzinga3 days ago

    2 Pros Debate: What's Next For Bank Stocks?

    Bank stocks , led by the Financial Select Sector SPDR Fund (NYSE: XLF ), are showing signs of momentum after bottoming in late June but this begs the question: can the equities sustain their momentum near ...

  • Barrons.com4 days ago

    Bank Stocks Are Getting a Lift From Higher Treasury Yields

    Higher long-term bond yields indicate investors are confident in their economic outlook and willing to move more capital into the equity market from bonds. 12: 50 p.m. Oil prices climbed on Wednesday as the Energy Information Administration reported that U.S. crude-oil stockpiles fell by 2.1 million barrels last week, marking the fifth consecutive weekly drop.

  • MarketWatch4 days ago

    Dow ends session within 0.8% of January record as 10-year government bond yields hit 4-month high

    U.S. stocks on Wednesday ended mostly higher, with the Dow Jones Industrial Average and the S&P 500 index ending within a stone's throw of a fresh record as investors shook off U.S.-China trade-war worries. The Dow rose about 160 points, or 0.6%, at 24,406, closing within 0.8% of its Jan. 26 all-time record at 26,616.71. The S&P 500 index , meanwhile, closed up 0.1% at 2,907, not far from its all-time peak above 2,914. The Nasdaq Composite Index , however, lagged behind its peers, closing about 0.1% lower at 7,950. A rise in yields for the 10-year Treasury note to its highest level since May around 3.08%, helped to lift shares of financial companies, which enjoyed the best performance on the day among the 11 sectors of the S&P 500. A popular fund used to bet on the financials sector, the Financial Select Sector SPDR ETF , rose by 1.8%, representing the best daily gain since July 9. In corporate news, Wall Street focused on shares of Tilray Inc. , which surged in an extremely volatile day, after the U.S. Drug Enforcement Administration signed off on a plan for the company to import a marijuana product to test its effectiveness in treating a disorder that affects millions of Americans. On Wednesday, the stock was halted multiple times after surging by 94% before ending up 38%. The stock has been a trading favorite this past month as investors bet that stocks related to marijuana could see massive growth. Tilray has surged more than 600% over the past month.

  • Dow, S&P 500 near records while Nasdaq lower weighed by tech stocks
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  • InvestorPlace4 days ago

    Safely Trade Bank of America Stock in These Uncertain Times

    For most of 2018, the stock markets have been suffering from a slew of headlines about global tariff wars. Bank stocks in general have been under pressure though. Bank of America (NYSE:BAC) stock is only up 4% for the year, but it’s not alone.

  • MarketWatch4 days ago

    Financial stocks in broad rally, with J.P. Morgan leading the Dow's gainers

    Financial stocks traded broadly higher, with the group the biggest gainer among the S&P 500's 11 sectors, as the jump in Treasury yields helped provide a boost to the banks. The SPDR Financial Select Sector ETF ran up 1.5% toward a six-month high, with 62 of 68 equity components trading higher. Among the Dow Jones Industrial Average's financial components, J.P. Morgan Chase & Co.'s stock was up 2.5% to be the Dow's biggest gainer and Goldman Sachs Group Inc.'s stock climbed 2.3%. The combined price gains of those stocks adding about 55 points to the Dow's price, which was up 212 points. Elsewhere, shares of Bank of America Corp. rallied 2.3%, of Citigroup Inc. hiked up 2.6% and of Wells Fargo & Co. rose 1.2%. The yield on the 10-year Treasury note rose 3.7 basis points to a four-month high of 3.085% after better-than-expected housing starts data. Higher Treasury yields can give a boost to bank earnings, because that can increase the spread between what the banks make on longer-term assets and what they pay for shorter-term liabilities.

  • JPMorgan Enhances Shareholder Wealth with 43% Dividend Hike
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    As part of its capital return plan, JPMorgan Chase (JPM), the largest US bank, has declared a massive 43% rise in its quarterly cash dividend. The bank will pay the dividend on October 31 to shareholders of record as of October 5. Based on yesterday’s closing price of $114.30 per share, the dividend yield is 2.8%, which is the second-highest among the top five US banks based on market capitalization.

  • Mastercard and Visa Settle Card Fee Suit
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    Mastercard and Visa Settle Card Fee Suit

    Payment processing companies Visa (V) and Mastercard (MA) and a number of US banks have finally settled a lawsuit brought by millions of retailers over excess fees charged for accepting card payments. The arrangement has cost defendants $6.2 billion. Of the $900 million, Visa and Mastercard will pay $600 million and $108 million, respectively, while the remaining amount will be paid by other defendants including major US banks (XLF) such as Citigroup (C), JPMorgan Chase (JPM), and Bank of America (BAC).

  • Stocks soar despite US, China trade war escalation
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  • Is JPMorgan Stock Cheap or Expensive at Its Current Valuation?
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    Is JPMorgan Stock Cheap or Expensive at Its Current Valuation?

    The PBV (price-to-book value) ratio is considered to be the best ratio to use if you want to value bank stocks. JPMorgan Chase (JPM) is currently trading at a PBV ratio of 1.65x, a considerable premium to the industry (XLF) average of ~1.48x. Bank of America (BAC), Wells Fargo (WFC), Citigroup (C), and Morgan Stanley (MS) have PBV ratios of 1.26x, 1.46x, 0.98x, and 1.19x, respectively.

  • Why Wall Street Still Loves JPMorgan Stock
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    Analysts are bullish about JPMorgan Chase (JPM) and foresee decent growth in its stock price from its current level. Strong economic growth, a healthy job market, tax cuts, and easing regulations are creating a pleasant business environment for JPMorgan Chase. JPMorgan’s fantastic record of positive earnings surprises has fortified analysts’ confidence in its stock.

  • Bank of America’s New Target on JPMorgan Reflects a 16% Upside
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    Bank of America’s New Target on JPMorgan Reflects a 16% Upside

    Yesterday, JPMorgan Chase (JPM) received some positive commentary from Erika Najarian, an analyst at Bank of America (BAC), as per a report by Benzinga. Citing multiple growth factors, the analyst raised the target price on the largest US bank to $132 from $126 and reiterated its “buy” rating.

  • JPMorgan Chase Sweetens Sapphire Reward Offers
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    In an effort to retain existing customers and add new customers, JPMorgan Chase (JPM) has sweetened the offerings for its Sapphire accounts. Last week, the bank announced that credit card customers who open a new Sapphire bank account will be eligible for a 60,000 point sign-on bonus worth $900. For regular Chase customers who don’t have that kind of savings, they can upgrade to the Sapphire bank account by paying a monthly fee of $25.

  • Citigroup Settles Dark Pool Probe, Pays ~$13 Million to the SEC
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    Citigroup Settles Dark Pool Probe, Pays ~$13 Million to the SEC

    In order to continue resolving past misconducts, on September 14, Citigroup (C) agreed to pay $12.9 million to the SEC to settle a charge that accused the company of misleading Citi Match users—its trading platform. According to the company, Citi Match is a premium-priced “dark pool” platform operated by Citi Order Routing and Execution. The SEC said that the bank’s affiliate—Citigroup Global Markets, which marketed the platform—misled users by assuring them that high-frequency traders weren’t permitted to trade on Citi Match.

  • JPMorgan Chase Stock: Wall Street Is Still Bullish
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    JPMorgan Chase Stock: Wall Street Is Still Bullish

    Analysts are bullish about JPMorgan Chase (JPM). Analysts expect decent growth in JPMorgan Chase’s stock price from the current level. The company’s impressive track record of strong quarterly performances and its encouraging outlook for 2018 instilled confidence among analysts.

  • What Wall Street Expects of US Bankers in the Third Quarter
    Market Realist6 days ago

    What Wall Street Expects of US Bankers in the Third Quarter

    The broader US market has risen year-to-date on improved corporate earnings and slower rate hike expectations due to the Trump administration’s criticism of the Fed’s hawkish policy. Wells Fargo & Company (WFC) is expected to post EPS of $1.18 and $1.15 in the third and fourth quarters, respectively, while its revenues are expected to fall 1.2% and 1.4% YoY (year-over-year), respectively, in the quarters.

  • Stocks erase gains after report Trump wants to proceed with $200B more in China tariffs
    Yahoo Finance9 days ago

    Stocks erase gains after report Trump wants to proceed with $200B more in China tariffs

    Stocks losing gains to end the week as Trump tells aides to ready more tariffs on China

  • ETF Trends9 days ago

    Bank, Financial Sector ETFs Could Continue to Lag Behind

    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.