In a simulated stress test of banks in the United States, the IMF concluded that if the U.S. economy were in a recession again, banks would have to raise as much as $76 billion to be adequately solvent.
For more information on the financial sector, visit our financial category. There are a variety of financial ETFs trading today, giving you exposure to regional banks, community banks, international banks and Wall Street banks. Depending on the specific area, these ETFs are hovering right around or are well above their long-term trend lines.
If you sign up for alerts, you can have emails sent directly to your inbox when a trading opportunity is reached – a valuable thing to have in a sector as uncertain as financials.
Among the many choices in financial ETFs you have these days:
- iShares Broker Dealers (NYSEArca: IAI)
- iShares Financial Services (NYSEArca: IYG)
- KBW Capital Markets (NYSEArca: KCE)
- Financial Select Sector SPDR (NYSEArca: XLF)
Max Chen contributed to this article.