“Now, more than three years after the financial crisis began, the rules are being rewritten, as falling asset prices, new regulation, and the resurgence of long-dormant competitive forces take their toll on profitability. While each sector within the financial industry faces its own challenges, the effects stemming from these general themes are likely to be felt for some time to come. We expect improvements in results to continue at a slow pace, as debt levels remain high, but in general we think the industry is on the road to recovery,” wrote Timothy Strauts in an ETF analysis on Morningstar. [Financial ETFs are Money in the Bank.]
Financial Select Sector SPDR Fund
Tisha Guerrero contributed to this article.