Citigroup, Bank of America Lift Financial ETFs | Page 2 of 2 | ETF Trends

“However, there seems to be little pressure on potential sellers and most banks believe they should be buyers and continue to invest in hopes of boosting revenues (vs. aggressively cutting costs or looking to team up with another bank),” they said. “When will M&A activity pick up and what will be the catalyst for renewed activity?”

The financial ETF is sitting near its 50-day moving average.

Financial Select Sector SPDR Fund