|Bid||53.21 x 1500|
|Ask||63.00 x 100|
|Day's Range||55.25 - 57.15|
|52 Week Range||45.34 - 60.38|
|PE Ratio (TTM)||N/A|
|Expense Ratio (net)||0.35%|
By Peter Kenny, chief market strategist for Global Markets Advisory Group and owner of KennysCommentary.com U.S. equity markets post best weekly gain since 2013 a week after posting the worst weekly performance in two years. U.S. dollar finally reverses higher last week after trading to a three year low CBOE Volatility Index (^VIX) drops 49.3% from its Feb. 6th high of 38.33 January’s NFIB report ticks higher (again) to 106.9 from December’s 104.9 After falling 10.5% from recent highs, WTI crude firms and trades to $61. ...
With bank stocks surging, some exchange traded funds tracking the financial services sector are growing in a big way. That includes the PowerShares KBW Bank Portfolio (NASDAQ: KBWB). KBWB tracks the widely ...
The rotation into financial services stocks and exchange traded funds is real. In November, the Financial Select Sector SPDR (NYSE: XLF ), the largest financial services ETF, added $1.5 billion in new ...
Add the PowerShares KBW Bank Portfolio (NASDAQ: KBWB) to the list of bank-heavy exchange traded funds that are delivering are bouncing back in epic fashion. Over the past month, the PowerShares KBW Bank ...
Public Storage (PSA) an industrial REIT, invests in US and European real estate markets. Tthe company’s revenue grew 9% and 8% in 2015 and 2016, respectively. The growth was driven…
Todd Rosenbluth is director of ETF and mutual fund research at CFRA. After another successful year passing the Federal Reserve’s stress tests, many large-cap financial institutions received the green light yesterday to return capital to shareholders through dividends and buybacks. Shareholders of Bank of America, Citigroup, JPMorgan Chase, Morgan Stanley and Wells Fargo—both direct and through funds—should expect to see such cash deployment in the second half of 2017.
Bank of America reports first-quarter earnings and if it can show good loan growth, investors might begin to pile back in to the stock. These ETFs could benefit.
President Donald Trump's pledge to loosen banking regulation has been cheered by shareholders in big financial firms. Bondholders are likely to be less sanguine on any changes.