XLF - Financial Select Sector SPDR ETF

NYSEArca - NYSEArca Delayed Price. Currency in USD
+0.48 (+1.70%)
At close: 4:00PM EDT
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Previous Close28.25
Bid0.00 x 1000
Ask0.00 x 3000
Day's Range28.23 - 28.82
52 Week Range25.23 - 30.33
Avg. Volume50,468,585
Net Assets31.76B
PE Ratio (TTM)N/A
YTD Return2.31%
Beta (3y)1.00
Expense Ratio (net)0.14%
Inception Date1998-12-16
Trade prices are not sourced from all markets
  • Dow, S&P 500 near records while Nasdaq lower weighed by tech stocks
    Yahoo Finance13 hours ago

    Dow, S&P 500 near records while Nasdaq lower weighed by tech stocks

    The Dow getting a boost on financials.. but forget that, all anyone wants to talk - is cannabis.

  • Barrons.com12 hours 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.

  • MarketWatch12 hours 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.

  • InvestorPlace17 hours 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.

  • MarketWatch17 hours 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
    Market Realist20 hours ago

    JPMorgan Enhances Shareholder Wealth with 43% Dividend Hike

    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
    Market Realist20 hours ago

    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).

  • Is JPMorgan Stock Cheap or Expensive at Its Current Valuation?
    Market Realist2 days ago

    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
    Market Realist2 days ago

    Why Wall Street Still Loves JPMorgan Stock

    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.

  • S&P 500, Dow finish higher led by Financials
    Yahoo Finance Video10 hours ago

    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.

  • Wall Street salaries at their highest levels since the fi...
    CNBC Videosyesterday

    Wall Street salaries at their highest levels since the fi...

    Banks pay up, but not to investors. A big bank breakdown, with CNBC's Scott Wapner, and the Fast Money traders, Tim Seymour, Brian Kelly, Steve Grasso and Guy Adami.