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home / news releases / VFH - VFH: Banking Is The New Oil


VFH - VFH: Banking Is The New Oil

Summary

  • Big bank earnings season has come and gone.
  • The big banks all posted large increases in net interest income.
  • Their earnings declined due to rising PCLs, but PCL build is mostly just a precaution, not a true "loss."
  • The Vanguard Financials ETF gives you exposure to banks, along with stocks like Visa and Berkshire Hathaway, which are outperforming the market this year.
  • The biggest risk to the fund is weakness in investment banking. Nevertheless, it is a solid fund whose holdings are mostly very cheap.

For further details see:

VFH: Banking Is The New Oil
Stock Information

Company Name: Vanguard Financials
Stock Symbol: VFH
Market: NYSE

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