XLF - Financial Select Sector SPDR ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
26.02
+0.46 (+1.80%)
At close: 4:00PM EST
Stock chart is not supported by your current browser
Previous Close25.56
Open25.74
Bid0.00 x 312600
Ask25.45 x 321800
Day's Range25.53 - 26.03
52 Week Range22.05 - 30.33
Volume58,400,191
Avg. Volume73,376,793
Net Assets22.86B
NAV23.82
PE Ratio (TTM)N/A
Yield2.08%
YTD Return-13.03%
Beta (3Y Monthly)1.10
Expense Ratio (net)0.13%
Inception Date1998-12-16
Trade prices are not sourced from all markets
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  • Bank stocks are flying high in 2019, but here’s why the party might not last
    MarketWatchyesterday

    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.

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  • MarketWatch2 days ago

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  • Big Banks Might be Resilient, But XLF is Still Vulnerable to Negative Earnings
    InvestorPlace3 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.

  • MarketWatch3 days ago

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

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  • 5 Best Bank ETFs for This Week’s Earnings Avalanche
    InvestorPlace4 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.

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    Financial ETF heads toward for first fall in 8 days after J.P. Morgan Chase, Wells Fargo results disappoint

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