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One of the strongest sectors in midday trading, financials gain as Treasury yields push up and the yield curve steepens.SPDR S&P Regional Banking ETF (KRE) climbs 2.9% and SPDR S&P Bank ETF (KBE) gains 2.7%, their strongest showing in almost a month. Among other financi...
Vanguard Financials ETF (VFH) - $0.4781.30-Day SEC Yield of 2.20% as of Nov. 30.Payable Dec 22; for shareholders of record Dec 18; ex-div Dec 17. For further details see: Vanguard Financials ETF declares quarterly distribution of $0.4781
The U.S. economy is set for a vaccine-fueled recovery in H2 2021, and if more fiscal support from Congress is available to bridge H1 pandemic weakness, financial stocks are well-poised for outperformance, write KBW analysts Frederick Cannon and Brian Kleinhanzl in a note to clients.However, i...
As 2020 ends, Citi Private Bank comes out with its outlook for 2021, saying the year will be marked by multi-year "unstoppable tends" for client portfolios.Sees a confluence of four important factors — a quicker-than-usual recovery, accelerating innovation, the mispricing of many secur...
With plenty of positive news about potential COVID-19 vaccines in November, financial stocks in general have outpaced the S&P 500 in the past month, with consumer finance (red line in chart below), in particular turning in the best performance.Nasdaq U.S. Small Cap Banks Index (green), th...
The Federal Reserve Board, Federal Deposit Insurance Corporation and the Office of the Comptroller of the Currency issued a statement today to encourage banks to stop entering new contracts that use USD LIBOR as a reference rate ASAP and certainly by the end of 2021, a timeline the government...
The banking sector has still not recovered from March lows despite playing a crucial role in the recovery process. Banks have made significant provisions for bad debts amid an uncertain economic environment. Still, VFH's portfolio also includes investment banks which have performe...
As a percentage of the S&P 500's market cap, the Financial sector fell to below 10% to 9.9% of the S&P 500's market cap this summer, down from a 20% just prior to the real estate sector being spun out of the index as its own sector in September 2016. As of last Friday, Novembe...
Here's a roundup of some sell-side analyst comments on what the election and the uncertainty surrounding it means for financial names.With the odds leaning towards a Biden presidency and a Republican Senate, Glenn Schorr of Evercore ISI sees asset managers benefiting from lower rates/higher m...
Amid the uncertainty of the presidential election, financial stocks are slipping in premarket trading, after rallying in the the past four sessions.The Financial Select Sector SPDR ETF (XLF) falls 0.4% in premarket.Wells Fargo Securities analysts led by Mike Mayo advise to buy the d...
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2024-07-15 07:06:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...
2024-05-14 22:08:00 ET Stock Traders Daily has produced this trading report using a proprietary method. This methodology seeks to optimize the entry and exit levels to maximize results and limit risk, and it is also applied to Index options, ETFs, and futures for our subscribers. This...