FNCL News and Press, Fidelity MSCI Financials Index From 08/16/19

Background In this post, readers will discover that total bank returns and valuations are not correlated in the short term but highly correlated long term. Current bank valuations should be attractive to investors with a long-term buy-and-hold investment style. In addition, readers wi...

Non-bank financial institutions are becoming more active in underwriting, syndication, direct lending, and more aggressive parts of leveraged lending, such as leveraged buyouts and dividend recapitalizations, according to a report by Fitch Ratings that assesses risk of leveraged loan and c...

With interest rates declining and threatening banks' profits, money is flowing out of financial ETFs at the fastest pace of the year. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ETF, Financial stocks n...

About 10% of the S&P 500 will report next week, and 24 of those 52 scheduled reports will be Financial companies. Here is the S&P 500 Earnings data by the numbers: (Source: IBES by Refinitiv) Fwd 4-qtr est: $174.68 vs. $174.87 from last week PE ratio: 17.25x PEG ...

Greg Powell, deputy chief investment officer of Miller/Howard breaks down the dividend and buyback plans that 12 large U.S. banks announced yesterday after the Federal Reserve cleared their plans. More news on: The Goldman Sachs Group, Inc., Bank of America Corporation, Financial Select Se...

Attached is a weekly chart of Schwab (SCHW), clients' 2nd largest holding behind Microsoft (MSFT), and a mutual fund firm with $3.5-$4 trillion in assets under management, assets greater than Goldman Sachs, Morgan Stanley and a host of others. I was out to dinner a few weeks ago, with friend...

Question: Why are there so many ETFs? Answer: ETF providers tend to make lots of money on each ETF so they create more products to sell. The large number of ETFs has little to do with serving your best interests. Below are three red flags you can use to avoid the worst ETFs: 1. Inadequa...

Volumes in the futures markets have moved significantly higher since the turn of the century, and the number of products offered by exchanges around the globe has increased. Futures offer hedgers, arbitrageurs, investors, and speculators the ability to add or remove risk from their portfolios....

The net profit margin outlook for mortgage lenders turns positive for the first time in almost three years due to strong demand expectations for both purchase and refinance mortgages, according to the Fannie Mae Q2 Mortgage Lender Sentiment Survey. More news on: Financial Select Sector S...

As the market prices in a higher probability of the Fed cutting rates come July and September, bank stocks slip. More news on: Bank of America Corporation, Citigroup Inc., JPMorgan Chase & Co., Financial stocks news, News on the U.S. economy, Stocks on the move, News on ETFs, Rea...