FNCL News and Press, Fidelity MSCI Financials Index From 05/17/23

2023-05-17 00:00:00 ET Summary Markets are being shaped by disparate trends from falling energy prices to rising interest rates. During first-quarter earnings season, company reports indicated that these crosscurrents are intensifying business challenges—and making it harde...

2023-05-16 14:15:00 ET Summary Lipper Financial Services ETFs recorded their largest weekly outflow of the year over the past fund flows week (-$1.4 billion). On top of the bank failures, market participants are worried about the largest U.S. banks gaining an increasing market sha...

2023-05-05 16:49:06 ET Market participants will continue to keep their eyes on key earnings in the upcoming trading week. This time around, names like Berkshire Hathaway ( NYSE: BRK.B ), PayPal ( NASDAQ: PYPL ), Rivian Automotive ( NASDAQ: RIVN ) and Disney ( NYSE:...

2023-05-03 01:36:00 ET Summary Why there may be other small lenders set to fail. The Fed is sticking to plan and focusing on fighting inflation, and nothing else. Are niche banks bearing the brunt of interest rate hikes? JPMorgan Chase ( JPM ) has agreed ...

2023-04-25 11:35:00 ET Summary Considering the pace and magnitude of interest rate hikes over the last year, it’s not surprising that issues in the banking industry have resulted in a confidence crisis. The swift and aggressive intervention by regulatory and private sector ...

2023-04-20 16:42:48 ET Summary FNCL invests in financial institutions like those focused on banking, insurance, and credit cards. This ETF has gained momentum as some banks’ earnings surpassed expectations and investors increasingly regain confidence in the United States ba...

2023-04-19 13:34:39 ET Concerns about the recent bank crisis have faded in recent weeks, in part thanks to stronger-than-expected earnings from some of the world's largest financial institutions. JPMorgan Chase ( NYSE: JPM ) was among the firms announcing strong results. Does&#x...

2023-04-18 09:43:00 ET Summary Changes to the Global Industry Classification Standard adjusted the sector weights in the S&P 500. Sector futures provide a way to manage risk related to the 11 GICS sectors and gain exposure to changes impacting differing sectors of the market. ...

2023-04-14 14:19:43 ET Wall Street investors will closely be watching key earnings in the upcoming trading week as some of the largest companies are set to deliver Q1 results. Some of those names include Bank of America ( NYSE: BAC ), Lockheed Martin Corporation ( NYSE: LMT ...

2023-04-07 02:00:00 ET Summary We examine the genesis of the gap between bank deposits and loans. Small bank loan books represent a greater proportion of deposits relative to large banks. This is fine and quite different from Silicon Valley Bank. The outsized exposure of small...