|Bid||53.57 x 3000|
|Ask||53.71 x 1800|
|Day's Range||52.61 - 54.01|
|52 Week Range||27.79 - 56.50|
|PE Ratio (TTM)||N/A|
|YTD Daily Total Return||29.12%|
|Beta (5Y Monthly)||1.54|
|Expense Ratio (net)||0.35%|
Unfortunately, relatively few companies are looking for loans these days, meaning that the banks are sitting on a pile of excess cash with nowhere to go—except to drag down returns, chief investment strategist of Yardeni Research, wrote Thursday. Deposits at commercial banks are up 17.5% year-over-year, standing at $16.8 trillion, he found. Cash holdings have more than doubled since the beginning of 2020, Yardeni wrote, up to $3.8 trillion compared with $1.7 trillion.
Yahoo Finance’s Alexis Christoforous and Cinthia Murphy, Managing Editor of ETF.com, discuss ETFs to watch in 2021.
The Federal Reserve has given the go-ahead for banks to resume limited dividend and share repurchase programs.