Huntington, Bank of America Lift Bank ETFs

June 7th at 11:50am by John Spence

Bank exchange traded funds moved higher Tuesday thanks in part to strength in components Bank of America (NYSE: BAC) and Huntington Bancshares (NasdaqGS: HBAN).

SPDR KBW Bank ETF (NYSEArca: KBE) added nearly 1%, while Huntington climbed 3% and B. of A. rose about 1%.

The bank ETF has 6.3% in B. of A. and 4.8% in Huntington. The fund has declined 10% so far this year with concerns over a slowing economy and new regulations pushing bank stocks lower.

The sector was recouping some of its steep losses from Monday. [Financial ETFs Eye Higher Open After Drop]

SPDR KBW Bank ETF


The opinions and forecasts expressed herein are solely those of John Spence, and may not actually come to pass. Information on this site should not be used or construed as an offer to sell, a solicitation of an offer to buy, or a recommendation for any product.

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