FAS News and Press, Direxion Financial Bull 3X Shares From 10/14/19

Without a doubt, it can be said that ETFs have been among the most popular products among investors in recent years. As mutual funds are struggling more and more to justify their fees, asset inflow into ETFs has consistently been increasing. But while some ordinary ETFs can indeed generate s...

The central bank is expected next week to complete some of the most significant changes to bank rules since President Trump took office, changing the way it decides which large banks will be subject to the toughest regulations. More news on: Bank of America Corporation, Citigroup Inc., W...

Lagging deposit repricing, tight lending spreads, and lower yield curve across all points are putting pressure on banks' net interest margins, writes Credit Suisse's Susan Roth Katzke in a note. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Di...

The Federal Deposit Insurance Corporation, one of the U.S. government agencies that regulate banks, proposes easing a post-financial crisis restriction that determines how much cash big banks should set aside to safeguard derivatives trades between affiliates. More news on: Financial Sel...

The 10-year Treasury yield whooshed lower earlier today after the ECB announced a rate cut and new wave of QE. That's reversed in a big way, with the yield now higher by 5.5 basis points on the session to 1.79%. TLT   -0.7% , TBT   +1.4% More news on: iShares 20+ Year Treas...

Energy is now just 4.5% of the S&P 500 market cap weight, down from a high of 15% in September 2014, when crude oil was trading around $80-$100 per barrel and just before the commodity tanked to $28 per share by early 2016. It's shocking what has happened to the sector. Can't recall wh...

Mutual funds are the most overweight in financials across all sectors, according to a Goldman Sachs analysis of 597 equity mutual funds with $2.6T of assets under management based on positions by the end of Q2. More news on: Citigroup Inc., The PNC Financial Services Group, Inc., U.S. Ba...

Banks taking the easy route to boost profits could trigger a recession, says Dick Bove, chief strategist at Odeon Capital Group. More news on: JPMorgan Chase & Co., Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Financial stocks news, News on ETFs, ...

The proposed changes to the Volcker rule, which aim to streamline and improve the efficacy of requirements first adopted in 2013, could " potentially encourage some banks to take greater risks, a credit negative," said Ana Arsov, managing director at Moody's Investor Services. More news o...

Comptroller of the Currency Joseph Otting signs off on a final rule amending the Volcker Rule that's designed to simplify the rule while keeping protections core to the safety and soundness of the federal banking system, his office said. More news on: Financial Select Sector SPDR ETF, Di...