Additionally, the Bernstein analysts singled out some regional sector plays, including Citizens Financial Group (NYSE: CFG), Fifth Third Bancorp (NasdaqGS: FITB), KeyCorp (NYSE: KEY) and Zions Bancorporation (NasdaqGS: ZION).
Looking at the regional bank ETFs, KRE also follows a more equal-weight methodology, which includes 1.2% CFG, 1.2% FITB, 1.1% KEY and 1.3% ZION.
IAT includes CFG 3.4%, FITB 4.0%, KEY 2.6% and ZION 1.4%.
Investors can also look at broader financial sector ETFs, such as the Financial Select Sector SPDR (NYSEArca: XLF), which includes a 36.7% tilt toward banks.
SPDR S&P Bank ETF
For more information on the banking industry, visit our financial category.
Max Chen contributed to this article.
CORRECTION: Clarification on regional and bank ETFs’ weighting methodology.