FTXO News and Press, First Trust Nasdaq Bank ETF From 02/19/20

The Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency extend the public comment period for proposed changes to the Community Reinvestment Act by an addition 30 days to April 8, 2020. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ...

Five federal financial regulatory agencies are seeking public comment on a proposal to ease the Volcker Rule's general prohibition on banking institutions from investing in or sponsoring hedge funds or private equity funds, known as "covered funds." More news on: SPDR S&P Regional ...

Keefe, Bruyette & Woods analysts Brian Gardner and Fred Cannon reiterate overweighting small- and mid-cap banks and underweighting universal banks in the wake of U.S. attacks in Iraq that killed a top Iranian general. More news on: Bank7 Corp., BOK Financial Corporation, Cadence Bancor...

Keefe, Bruyette & Woods analysts Frederick Cannon and Paul O'Toole see large banks' recent outperformance vs. small banks as "overdone" and "in the process of reversing." More news on: The Bank of New York Mellon Corporation, State Street Corporation, Northern Trust Corporation, Financ...

U.S. banks' business lending activities have stalled in H2 2019, crimped by an industrial slowdown and cheap financing available in the capital markets. More news on: Financial Select Sector SPDR ETF, Direxion Daily Financial Bull 3x Shares ETF, Direxion Daily Financial Bear 3x Shares ET...

Originally published on December 10, 2019 Ever since the secured overnight repo rate ((SOFR)) spiked to 10% in September, there have been dire warnings that these exceptional movements show the financial system is fundamentally broken. The story goes that the post-crisis financial system i...

Diversified big bank stocks have been on a roll since the start of earnings season. Following EPS beats, Bank of America ( BAC ), JPMorgan Chase ( JPM ), Morgan Stanley ( MS ), and US Bancorp ( USB ) are up at least +10.0% each. The Solactive Big Banks Index (biggest 10 U.S. Banks by market ca...

Boston Fed President Eric Rosengren says U.S. banks will need additional capital buffers and more support from fiscal policy in a downturn because of the recent interest rate cuts. More news on: SPDR S&P Regional Banking ETF, SPDR S&P Bank ETF, iShares U.S. Regional Banks ETF, News...

Whoever said the market has to make sense? With interest rates declining in 2019, aided by the Fed making three rate cuts, the general consensus has been that banks' earnings would move lower. Additionally, you wouldn't have guessed that scandal-plagued Wells Fargo ( WFC ) would have outperf...

Wall Street banks believe they'll soon be getting the go-ahead from supervisors to hold more Treasury debt and less cash in the wake of last month's turmoil in overnight lending markets, Reuters reports, citing three people. More news on: SPDR S&P Regional Banking ETF, SPDR S&P B...