IYG - iShares US Financial Services ETF

NYSEArca - Nasdaq Real Time Price. Currency in USD
113.21
-0.23 (-0.20%)
At close: 3:58PM EST
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Previous Close113.44
Open114.26
Bid113.44 x 500
Ask113.44 x 900
Day's Range112.45 - 115.23
52 Week Range112.45 - 142.14
Volume217,150
Avg. Volume143,380
Net Assets1.68B
NAV128.51
PE Ratio (TTM)N/A
Yield1.48%
YTD Return-0.41%
Beta (3Y Monthly)1.11
Expense Ratio (net)0.43%
Inception Date2000-06-12
Trade prices are not sourced from all markets
  • Visa Has a Premium Valuation after Strong Q4 Results
    Market Realist2 months ago

    Visa Has a Premium Valuation after Strong Q4 Results

    At current market prices, Visa (V) trades at a premium valuation to most of its peers except Mastercard (MA) and PayPal (PYPL). The trailing-12-month (or TTM) PE ratio for Visa is 29.2x, which is lower than Mastercard’s and PayPal’s multiples of 34.7x and 36.4x, respectively. However, Visa’s PE ratio is much higher than its other peer, Global Payments (GPN), which trades at a multiple of 23.8x.

  • Why Financial ETFs Are Down Despite Decent Bank Earnings
    Zacks2 months ago

    Why Financial ETFs Are Down Despite Decent Bank Earnings

    Here is why financial ETFs have been under pressure of late despite decent earnings releases from big banks.

  • Technology Investment to Drive Visa’s Q4 2018 Payment Volumes
    Market Realist2 months ago

    Technology Investment to Drive Visa’s Q4 2018 Payment Volumes

    Payment modes are shifting rapidly from cash to digital due to continuously evolving digital technology, increasing online transactions, and competitive forces. With its sustained focus on technological innovations, Visa (V) is well-positioned to continue leading this digital transformation. Visa has invested billions of dollars in its technology transformation initiatives in the last several years.

  • Mastercard Near Its 52-Week High: Is Upside Potential Still Left?
    Market Realist3 months ago

    Mastercard Near Its 52-Week High: Is Upside Potential Still Left?

    Mastercard (MA) has made a remarkable run over the last one-and-a-half years. The stock traded at ~$103.00 at the beginning of 2017, and it currently trades at ~$211.00—almost double its stock price in that timeframe. The stock is currently trading near its 52-week high of $217.35, which it attained on September 4.

  • Visa to Gain from Technological Transformation Initiatives
    Market Realist3 months ago

    Visa to Gain from Technological Transformation Initiatives

    Payments are shifting rapidly from cash to digital mainly due to continuously evolving digital technology, increasing online transactions, and competitive forces. Visa (V) with its sustained focus on technological innovations is well-positioned to continue leading this digital transformation. Over the years, the leading payment processor company has invested billions of dollars in its technology transformation initiatives.

  • Visa Sizzles on Strong Digitization Trends and Improving Economy
    Market Realist3 months ago

    Visa Sizzles on Strong Digitization Trends and Improving Economy

    Visa stock (V) has sparkled over the last one and half years. Year-to-date, Visa stock has returned ~25%, much better than the iShares U.S. Financial Services ETF (IYG) and the SPDR S&P 500 ETF (SPY), which are up 5.6% and 8.3%, respectively. Visa’s revenues and earnings per share (or EPS) have topped the Wall Street estimates in the last eight quarters and seen a significant YoY improvement.

  • JPMorgan Settles Class Action Lawsuit by Black Financial Advisers
    Market Realist3 months ago

    JPMorgan Settles Class Action Lawsuit by Black Financial Advisers

    JPMorgan Chase (JPM) has settled a class-action lawsuit filed by a group of black financial advisers who alleged racial discrimination. Bloomberg, the financial data and news provider agency, revealed yesterday that six of the bank’s current and former employees had filed the lawsuit. The court documents alleged that the nation’s largest bank is indulged in “systemic, intentional race discrimination” since it assigns lucrative assignments to white advisers while assigning less profitable branches to black advisers.

  • Do Low Valuation Multiples Make These Banking Stocks Attractive?
    Market Realist4 months ago

    Do Low Valuation Multiples Make These Banking Stocks Attractive?

    The price-to-book value (or PB) ratio is considered to be the ideal multiple to value companies that have a significant amount of liquid/tangible assets on their books such as finance, banking, insurance investment, and manufacturing companies. The ratio compares a company’s current market price to its book value.

  • Bank ETFs Rise on the Wave of Big Releases
    Zacks5 months ago

    Bank ETFs Rise on the Wave of Big Releases

    Inside the performance of the financial ETFs in light of big banks' earnings.

  • ETF Trends5 months ago

    Earnings Tests Loom for Big Bank ETFs

    Second-quarter earnings arrived for big banks in earnest last Friday amid a spate of reports from the financial services sector. Exchange traded funds tracking financial services stocks were tested last ...

  • ETF Trends5 months ago

    3 ETFs to Watch Ahead of Bank of America’s Earnings Report

    Consensus estimates are pegged at about 57 cents per share, which represents a decrease of a nickel compared to last quarter. If BofA exceeds these estimates, it will be a welcome rebound for all three ETFs after closing in the red during Friday's trading session--IYG was down 0.73%, XLF was down 0.48% and KBWB was down 0.57%. Much of that blame can be directed towards Wells Fargo who posted losses in their second quarter earnings report, sending their shares tumbling 1.20%.

  • ETF Trends5 months ago

    Financial ETFs Stung by Wells Fargo Earnings Report

    It was more than a case of bad luck on Friday the 13th as Wells Fargo posted second quarter losses, stinging three financial ETFs with the heaviest weighting of Wells Fargo equities–iShares Evolved US ...

  • How Are Financial ETFs Placed Before Q2 Earnings Release?
    Zacks5 months ago

    How Are Financial ETFs Placed Before Q2 Earnings Release?

    Though chances of a broad-based earnings beat are low in Q2 per the ESP trend, the outlook seems bright for financial ETFs, the outlook seems bright for financial ETFs.

  • ETF Trends6 months ago

    Falling Yields Chase Investors From a Financial Services ETF

    Declining Treasury yields are chasing investors from some exchange traded funds tracking financial services stocks, including the iShares U.S. Financial Services ETF (IYG) . The $1.87 billion IYG recently turned 18 years old and tracks the Dow Jones U.S. Financial Services Index. Earlier this year, financials were also propped up by a rise in bond yields as higher interest rates typically widen the margin spread between bank loans and deposits.

  • ETF Trends6 months ago

    Financial ETFs Among Hated Plays of Past Week

    A pullback in Treasury yields and the pending results of bank stress tests have weighed on some financial sector investors' minds, triggering large outflows out of bank-related ETFs. The Federal Reserve’s instructions for 2018 Comprehensive Capital Analysis and Review (CCAR) stress tests are being viewed as tougher this year.

  • Will Bank ETFs Sizzle on Fed & Trump Influenced Q1 Earnings?
    Zacks8 months ago

    Will Bank ETFs Sizzle on Fed & Trump Influenced Q1 Earnings?

    Fundamentals are strong for bank ETFs as they are likely to witness the first earnings season of 2018.

  • Are Rising Interest Rates Good for Bank Stocks?
    InvestorPlace10 months ago

    Are Rising Interest Rates Good for Bank Stocks?

    Conventional wisdom tells us that a steepening Treasury yield curve should lead to higher profits for bank stocks because their net interest margins — the difference between the amount of interest banks pay for their liabilities (checking and savings deposits, etc.) and the amount of interest banks receive for their assets (personal and commercial loans, etc.) — will be wider. If you look at the graph of the relationship between the yield on the 10-year Treasury and the yield on the 2-year Treasury in Fig. 1, you will see that the spread between these two yields has been getting smaller and smaller (meaning the yield curve has been flattening) during the past few years.

  • How Wall Street Analysts View Bancorp
    Market Realist10 months ago

    How Wall Street Analysts View Bancorp

    What Was behind Bancorp’s Strong 4Q17 Performance?

  • How Bancorp’s Credit Provision and Non-Performing Assets Looked in 4Q17
    Market Realist10 months ago

    How Bancorp’s Credit Provision and Non-Performing Assets Looked in 4Q17

    What Was behind Bancorp’s Strong 4Q17 Performance?

  • Why Bancorp’s Expenses Are Increasing
    Market Realist10 months ago

    Why Bancorp’s Expenses Are Increasing

    What Was behind Bancorp’s Strong 4Q17 Performance?

  • What Affected Bancorp’s 4Q17 Earnings?
    Market Realist10 months ago

    What Affected Bancorp’s 4Q17 Earnings?

    What Was behind Bancorp’s Strong 4Q17 Performance?

  • How Bancorp’s Loans and Deposits Have Trended
    Market Realist10 months ago

    How Bancorp’s Loans and Deposits Have Trended

    What Was behind Bancorp’s Strong 4Q17 Performance? During 4Q17, Bancorp’s (UBS) loans rose $7.1 billion, a 2.6% increase in comparison to 4Q16. This increase was mainly due to growth in commercial loans of 4%, residential mortgages of 5.2%, retail leasing of 28.9%, and retail loans of 5.2%.

  • What Led to Bancorp’s Strong 4Q17 Performance?
    Market Realist10 months ago

    What Led to Bancorp’s Strong 4Q17 Performance?

    What Was behind Bancorp’s Strong 4Q17 Performance? The tax reform legislation helped Bancorp (USB) post a very positive quarter. $152 million was contributed to the US Bank Foundation and $67 million was distributed as special bonuses to eligible employees.

  • Is US Job Market Getting Too Hot?
    Market Realist11 months ago

    Is US Job Market Getting Too Hot?

    ADP, a human capital management solution provider, releases a monthly report on US non-farm employment. This monthly report is prepared by using actual anonymous payroll data of 411,000 clients that ADP services. The report is released two days before the non-farm payrolls data, so this report prepares markets for any surprises in the jobs report.

  • Benzinga11 months ago

    Getting Tactical With Financial Services ETFs

    Sector exchange traded funds have become increasingly popular with advisors and investors. While broad market funds such as the SPDR S&P 500 ETF (NYSE: SPY ) give investors the benefit of diversity, sector ...