KBWB News and Press, Invesco KBW Bank ETF From 07/10/23

2023-07-10 05:30:00 ET Summary Financial and tech sectors face weak comparisons from late 2022, while the energy sector faces stronger comparisons and good growth from late 2022. The 'pandemic' influence will ripple through the S&P 500 numbers through the end of 2023. Fina...

2023-07-07 23:46:18 ET Summary The June payrolls rose by 209,000, below expectations, but the unemployment rate fell to 3.6%, which may worry the Fed due to higher than expected wage growth. The Consumer Price Index (CPI) is expected to rise by 0.3% before the Fed meeting in July,...

2023-07-06 16:46:58 ET Summary The Financials sector, led by banks, is expected to report the highest year-over-year revenue growth of all 11 S&P 500 sectors. Two of the five industries in the sector are projected to report revenue growth above 10%: Consumer Finance (15%) and ...

2023-07-06 15:07:20 ET Summary US banks have been a major laggard this year. While they have passed the Fed's stress test, more regulatory hurdles remain. At the current premium to book, the Invesco KBW Bank ETF doesn't scream value. Having passed the Federal Reser...

2023-06-29 21:26:00 ET Summary Non-Bank Financial Intermediaries (NBFIs) have grown significantly since 2008 and as a result, the sector's influence has come under increasing scrutiny. NBFIs were thrust into the spotlight once again this year following the recent turmoil in the ba...

2023-06-08 07:31:00 ET Summary S&P Global PMI survey data show global growth to have been led by the financial services industry in May, for which a broad-based upturn was recorded across the US, Europe and Asia. The Global PMI - compiled by S&P Global across over 40 econo...

2023-05-26 08:30:00 ET Summary If the asset side of a bank’s balance sheet shrinks, the liability side of the balance sheet must get crunched too by the same amount. The FDIC and other agencies are already considering introducing long-term debt requirements for banks with m...

2023-05-25 12:45:00 ET Summary Banks have been well-represented across the value indices. The midcap value index tracks about 30 super regionals. But smaller regional and community banks - more than 300 of them - dominate the small-cap value index. The sheer number of banks in the...

2023-05-24 10:07:00 ET Summary Corporate bonds offer better opportunities than government bonds, in our view, as central banks wind down their monetary tightening cycles. The health of regional banks and the debt ceiling are concerns, but we see selective opportunities in the bank...

2023-05-21 08:54:00 ET Summary While the Fed is able to obscure its capital losses by valuing its assets at cost, there’s one item the Fed isn’t able to completely bury in its balance sheet accounting. Regardless of the level of valuations, an improvement in the unif...