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Shares of Bank of America (NYSE: BAC) are down 4.9% Monday and trading near the lowest levels since December after the bank said it will suspend its planned $4 billion share repurchase plan and its previously announced dividend increase due to a calculation error related to the company’s acquisition of Merrill Lynch during the financial […]

Heartened by the results of the Federal Reserve’s stress tests and the annual Comprehensive Capital Analysis and Review (CCAR), investors are devoting cash to financial services exchange traded funds. “ETFs dedicated to Financial stocks had $1.5 billion of inflows last month,” said Nicholas Colas, chief market strategist at ConvergEx Group, a global brokerage company based […]

The results of the Federal Reserve’s annual Comprehensive Capital Analysis and Review (CCAR) program are expected to be revealed today and expectations are in place that some marquee banks will continue growing dividends and share repurchases. It is also expected that some banks that have been laggards on the shareholder rewards front will finally get […]

March did not start off on a positive note due to the conflict in Ukraine, but there is still time for it to live up to its billing as one of the best months of the year for stocks. As we noted last week, March and April are two of the best months of the […]

After the tumbles seen for U.S. stocks last Friday and this Monday, just one S&P 500 sector, utilities, can say it is in the green on a year-to-date basis. Perhaps, in the oddest of ways, it can be argued that financial services ETFs, some of last year’s darlings among sector funds, have not been too […]

Investors had plenty of fun with financial services exchange traded funds in 2013. The Financial Select Sector SPDR (NYSEArca: XLF) surged 35.5%, but big things are expected from the S&P 500’s second-largest sector weight again in 2014. “Specific to Financials, a steepening yield curve, faster loan growth and improving credit quality should boost EPS visibility […]

Mutual fund and retirement plan giant Fidelity made waves in the exchange traded funds industry in October when it rolled out 10 sector funds. While many industry observers believe Fidelity is late to the ETF party, there is reason to believe the firm’s ETF expansion was well-timed. For example, investors have been embracing sector ETFs […]

One of the biggest news items in the exchange trade products business this week was the debut of 10 sector ETFs from financial services giant Fidelity. And part of the big story there is that Fidelity is now the low-cost leader when it comes to sector ETFs. Not only can Fidelity clients trade the firm’s […]

Mutual fund giant Fidelity made its first sizable foray into the exchange traded products industry today with the debut of 10 sector ETFs. BlackRock (NYSE: BLK), the largest U.S. asset manager, is the sub-advisor for the Fidelity sector ETFs. Fidelity and iShares already have a partnership that includes the former offering some iShares ETFs to […]

XLF (SPDR Financial, Expense Ratio 0.18%) options activity has picked up in recent sessions, most recently with accumulation of August 20 puts. This is not particularly shocking given that we are knee deep in earnings season for top component members of the index BRK.B (8.52%), WFC (8.48%), JPM (8.33%), C (6.09%), and BAC (5.79%). XLF […]

U.S. stocks were down across the board Wednesday after Federal Reserve Chairman Ben Bernanke said the central bank could start tapering its bond purchases this year if the economy cooperates. Within sectors, financial stocks were holding up better to continue a trend that has been in place the past few months. The financial sector has […]

Financial sector stocks and exchange traded funds are looking much stronger as we ride the economic recovery. Nevertheless, while muted, many of the old problems that have weighed on the markets still linger. Morningstar ETF analyst Robert Goldsborough points out that a number of factors are supporting the financial sector, including macroeconomic improvements, lower unemployment […]

This year ETF providers have been going toe-to-toe in the so-called fee war. It doesn’t look like the round of fee cuts is over quite yet as Vanguard slashes expense ratios on over 20 of its ETF offerings. “Since we are a mutually owned firm, low costs are an outcome that is directly tied to how much […]

Regulators are considering changes to the way big banks operate in light of JP Morgan’s (NYSE: JPM) recent loses. Meanwhile, financial exchange traded funds have been reeling in the aftermath. Financial sector ETFs, like Financial Select Sector SPDR (NYSEArca: XLF), Vanguard Financials ETF (NYSEArca: VFH) and iShares Dow Jones US Financial Sector (NYSEArca: IYF), have […]

Exchange traded funds indexed to the U.S. financial sector were getting a boost Wednesday from Goldman Sachs (NYSE: GS), which saw its shares vault 4% in the wake of the quarterly earnings report. Financials have posted impressive gains thus far in 2012, outpacing the broad market as XLF (SPDR Financials) is up 5.54% versus the […]

With bullish call buyers surfacing in XLF (SPDR Financials) in the options market on weakness in the sector on Thursday, we have an opportunity to examine broad based large cap oriented sector exchange traded funds in the space more closely. XLF is a market cap weighted product based on the S&P 500 Financials Select Index. […]

While a heat wave hit the East Coast, manufacturing in the region cooled off. The discouraging report sent exchange traded funds (ETFs) lower despite news that industrial output grew slightly across the country. Despite growth in recent months, economists feel that manufacturing activity may have peaked and that factory output may be flat for the […]

Legislation for financial reform is finally coming to a head, with the most recent draft of the bill expected to have enough support to become law. Financial exchange traded funds (ETFs) initially reacted negatively. Whether that’s just an initial shock or the beginning of trouble remains to be seen. The opinions and forecasts expressed herein […]

The Senate passed its version of the financial regulatory reform bill on May 20. Since then, analysts and investors have been trying to gauge the eventual impact on the sector and its exchange traded funds (ETFs). The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. […]

The market’s recent correction and the financial overhaul bill that’s winding its way through Congress haven’t stopped analysts from feeling bullish on financial exchange traded funds (ETFs). The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or […]

The Obama administration has been saying that it will provide better financial regulation, and the U.S. Senate made some progress by passing two amendments aimed at obviating another copious taxpayer bailout of Wall Street. Big banks and related financial exchange traded funds (ETFs) wait on when the bills will become law. The opinions and forecasts […]

On Friday, Goldman Sachs lost $10 billion in market value as investors responded to news of a civil lawsuit brought on by the Security and Exchange Commission (SEC), and other banks were dragged, too. With all this volatility in financials, now may be a good time to do some homework on financial exchange traded funds […]

The financial sector is on many investors radar, as the lows seen last year have to get better. What does the recent performance of the biggest financial exchange traded fund(ETF) indicate about the health of the sector? The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to […]

The financial sector has seen a handsome recovery off the market’s March 9 low, with most exchange traded funds (ETFs) up at least 100% since then. But mixed fourth-quarter earnings this week raise the question: are financial ETFs the place to be right now? The opinions and forecasts expressed herein are solely those of Tom […]

Bonus season is coming around and lots of big bankers are likely to receive a fat check. This has spurred another round of public outrage and the government has taken steps to funnel away some of the money back to taxpayers. What may be good for taxpayers might not be good for banks and related […]

Stocks and exchange traded funds (ETFs) see-sawed around break-even this morning as any decline was limited by a higher-than-expected reading on Chicago-area manufacturing. The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to pass. Information on this site should not be used or construed as an offer […]

Exchange traded funds (ETFs) offer exposure to a wide variety of areas of the markets, but, like a snow flake, each ETF is unique. Two similar-sounding ETFs can vary in their holdings, diversification and trading strategy. It’s a good idea to look before you leap. The opinions and forecasts expressed herein are solely those of […]

For those investors who rely on the 200-day moving average as a guide for where and when to invest, financial exchange traded funds (ETFs) could be sending a sell signal. Is the sector primed for a pullback? The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to […]

Sector exchange traded funds (ETFs) are a good way for investors to seek out niches in order to harness performance in a specific area, and the financial sector is no exception. Since the market’s low on March 9, the overall sector is up about 140%. The opinions and forecasts expressed herein are solely those of […]

One year ago today, Lehman Brothers collapsed and sent the entire financial system and its related exchange traded funds (ETFs) on a downward spiral. Today, the picture looks much different. Are financial ETFs ripe for the picking? The opinions and forecasts expressed herein are solely those of Tom Lydon, and may not actually come to […]