FNCL News and Press, Fidelity MSCI Financials Index From 11/06/19

The news media, bank executives, the U.S. Federal Reserve (the Fed) chairman and even presidential candidates have made remarks about the recent spike in short-term funding rates. What caused the spike, and why is it important? In mid-September, there was a significant spike in the overnight...

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 Financial sector has been an overweight for some time in client accounts, and it's hurt performance for the last two years, or since Jan 1, '18. Clients' biggest financial weighting has been Schwab (SCHW) given its asset-gathering prowess (and it is our only 3rd party client custodian) a...

Goals for this Post I want to apologize for the length of this post. Possibly I'm trying to accomplish too much here, but I hope you will read the entire analysis as I think it will provide critical insights into the forces that will direct bank shares for the next year or so. Goals: 1. ...

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...