|Bid||0.00 x 800|
|Ask||0.00 x 900|
|Day's Range||46.25 - 47.39|
|52 Week Range||45.20 - 54.74|
|PE Ratio (TTM)||N/A|
|Beta (3Y Monthly)||0.94|
|Expense Ratio (net)||0.43%|
Bank stocks and sector-related bank ETFs plunged on Friday, despite strong third quarter profit results. Meanwhile, the broader Financial Select Sector SPDR (NYSEArca: XLF) fell 0.9%. J.P. Morgan Chase (JPM) , Citigroup (NYSE: C) , Wells Fargo (WFC) and PNC Financial Services (PNC) all revealed strong quarterly results on Friday, but the markets did not appear impressed.
Wall Street banks are expected to report on a big three-month run, but a profitable quarter may not be enough for bank ETFs. Year-to-date, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) gained 2.2%, ...
Rising borrowing costs are not necessarily a cause for concern as rising interest rates typically go hand in hand with a growing economy, and financial stocks and sector-related exchange traded funds may do especially well in this type of environment. "When yields experience large changes in short periods of time, stocks can struggle to digest the moves," Bernstein's Noah Weisberger said in a note, according to CNBC. "So long as signs continue to point to a growth-driven move in yields, we think that over the medium term, stocks will fare well," Weisberger added.
MARKET PULSE Shares of Beneficial Bancorp Inc. (bncl) rallied 3.7% in light premarket trade Wednesday, after the Philadelphia-based bank agreed to be acquired by Delaware-based WSFS Financial Corp. (wsfs) in a deal valued at $1.
The Senate recently passed a bill to loosen some of the more draconian regulatory restrictions placed on banks in response to a post-financial downturn environment, potentially giving financial stocks ...
This article was originally published on ETF Trends.com. The financial sector has mostly fallen behind other U.S. market segments over the years, but 2018 may be the year that financials-related ETFs finally ...