FTXO News and Press, First Trust Nasdaq Bank ETF From 09/23/21

First Trust Nasdaq Bank ETF (NASDAQ:FTXO) - $0.1491. 30-Day SEC Yield of 1.72% as of Aug. 31. Payable Sep 30; for shareholders of record Sep 24; ex-div Sep 23. For further details see: First Trust Nasdaq Bank ETF declares quarterly distribution of $0.1491

We’ve seen economic data in recent months moderate after record growth in the first half of 2021. In financials, the rise of many fintech companies and the growth of digital payments has really disrupted the traditional banking industry, creating new options for consumers. ...

In 2021, energy is where the money is going. Money is flowing out of Momentum stocks this year, and much of it is going into Value names. Commodities are having a strong showing compared to last year. For further details see: If You Want To Know Where The Market Action I...

First Trust Nasdaq Bank ETF (FTXO) - $0.1449.30-Day SEC Yield of 1.43% as of May 28.Payable Jun 30; for shareholders of record Jun 25; ex-div Jun 24. For further details see: First Trust Nasdaq Bank ETF declares quarterly distribution of $0.1449

The financials and banking stocks have been some of the best performing of the reflation trade since the second half of 2020. On the whole, we know banks like to make their profits by lending long term and borrowing short term. In summary, the risk-reward setup for banks and finan...

macgyverhh/iStock via Getty Images Early into Wednesday's trading session and market participants can see that the financial sector is off to the worst start of the eleven market segments. With the U.S. 10-Year Treasury yield slipping 4.5 basis points and falling below the 1.5 level, it has p...

During the pandemic lockdown in the first half of 2020, only three S&P 500 sectors saw positive earnings and revenue growth for Q1 and Q2 ’20. In Q1 ’21, Technology has grown EPS and revenue 53% and 21%, respectively. Once Q2 ’21 earnings start in mid-July...

Photo by Kerkez/iStock via Getty Images Digging through the Fed's Beige Book, the U.S. economy expanded "moderately" and "somewhat" faster in the early April to late May vs. the prior six-week period. And part of that growth came from lending volumes starting to increase for both household an...

The best indicator of the trend in their relative performance, the yield curve, recently stopped running higher and has now reversed to the downside. In other words, the primary tailwind for the banks (and their net interest margins) is now potentially becoming a headwind. In all,...

While interest rates have stabilized in recent weeks, investors were unnerved when yields spiked 75 bps in barely 10 weeks. The potential for another surge in interest rates probably leads the list of investor anxieties. Different sectors respond very differently to rising rates. ...