ETF Trends
ETF Trends

Earnings season is kicking off, and financial sector exchange traded funds are in the limelight this week as major banks reveal second quarter results.

On Tuesday, JPMorgan (NYSE: JPM) and Wells Fargo (NYSE: WFC) will report earnings, according to CNBC.

On Wednesday, Bank of America (NYSE: BAC) will reveal results.

On Thursday, Citigroup (NYSE: C) and Goldman Sachs (NYSE: GS) will announce second quarter earnings.

ETF investors can also track the financial space through broad sector ETFs, including the iShares U.S. Financials ETF (NYSEArca: IYF), Financial Select Sector SPDR (NYSEArca: XLF) and Vanguard Financials ETF (NYSEArca: VFH). These broad market capitalization-weighted ETFs include heavy exposure to the major banks.

For instance, XLF’s top holdings include WFC 8.6%, JPM 8.1%, BAC 5.7%, C 5.4% and GS 2.7%. IYF includes WFC 6.4%, JPM 6.1%, BAC 4.3%, C 4.1% and GS 2.0%. VFH holds WFC 6.9%, JPM 6.2%, BAC 4.4%, C 4.1% and GS 2.0%.

The financial sector has been the best performing group over the past three months. After the recent selling pressure, some see the sector as a rare buying opportunity. [Financial ETFs Are the Place to Be]

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