KBE, the other SPDR ETF highlighted by S&P Capital IQ, has slightly outperformed its stablemate KRE over that period. KBE allocates the bulk of its weight to regional banks, but does feature decent exposure to money center goliaths like J.P. Morgan Chase (NYSE: JPM) and Wells Fargo (NYSE: WFC). [Revenue Growth Lifts Bank ETFs]
“Both KBE and KRE rank favorably for S&P Capital IQ STARS, Fair Value and Technicals. In addition, with tight $0.01 bid/ask spreads and modest 0.35% expense ratios, favorable cost factors contributes to the Overweight rankings,” said S&P Capital IQ.
Following the stress test, J.P. Morgan Chase and Wells Fargo boosted their dividends by 10% and 7%, respectively.
SPDR S&P Regional Banking ETF
Todd Shriber owns shares of XLF.