FTXO News and Press, First Trust Nasdaq Bank ETF From 09/17/22

Summary Officials at the world's major central banks, led by the US Fed, grew increasingly united in their resolve to bring inflation under control. The August about-face pulled the Europe ex UK and both US Russell indexes back down to the bottom of the performance ranks for the y...

Summary With inflation at the highest level in decades and volatility continuing to surge, equity investors are questioning their next moves. At the beginning of the year, financial conditions were very loose by any means historically, and we've very rapidly moved from loose finan...

Summary Bank of America is one of the world's largest banks. We have developed a testing methodology for bank strength. Bank of America has major red flags of which depositors should be aware. Over the last few months, we have written several articles outlining our v...

Summary The main economic data release for the trading week is the US inflation report. The UK economy is in a precarious position and facing a recession. Chinese President Xi is expected to meet with Russian President Putin at the Shanghai Cooperation Organisation summit in U...

Summary U.S. bank preferreds offer investors attractive risk-adjusted returns relative to similarly rated credit. We remain confident in the soundness of the financial system and maintain a constructive credit view of the banking sector. Given our confidence in the U.S. bankin...

Summary We believe that cash flow and debt sustainability are likely to become increasingly important as real economic growth slows and credit access tightens. Cash flow provides a link between a company’s income statement and their balance sheet. Focusing on the Russel...

Summary Traders expect the U.S. Fed to soften as Chairman Powell suggested they have reached a neutral rate with the last rate increase. Traders expect the U.S. Federal Reserve to softly pivot away from rate increases after reaching a “normal level.”. I believe t...

Summary When it comes to the possibility of a recession, some U.S. bank executives are saying the quiet part out loud. Not only would the largest lenders survive even a savage economic downturn, but they may emerge stronger from it. What’s clear is that a few years from...

New technologies have enabled nimble financial-technology companies and other non-banks to enter the market. Mortgage banking has become less profitable for banks due to onerous and restrictive origination and servicing rules, as well as higher capital requirements. If Wells and J...

JPMorgan is one of the world's largest banks. We have developed a testing methodology for bank strength. Citibank has major red flags of which depositors should be aware. Over the last few months, we have written several articles outlining our views of banks in general. ...