Financial, Bank ETFs For Earnings Season
By Tom Lydon:
Financial sector stocks have slid back along with the broader markets over the past month, but the auspicious start to this earnings season has helped bank picks and financial sector exchange traded funds regain some of their lost strength. Companies like JPMorgan (JPM), Wells Fargo (WFC), Goldman Sachs (GS) and U.S. Bancorp (USB) are just some banks that have topped analyst earnings, writes Don Dion for TheStreet. Investors seeking to express their opinion on the sector may consider financial ETF options like the iShares Dow Jones U.S. Financial Sector Index Fund (IYF) or Financial Select Sector SPDR (XLF). IYF with 257 holdings has a less top-heavy weighting, with its top ten holdings account for 37.8% of the overall fund, compared to XLF which has 83 holds, with its top ten accounting for 50.8% of the overall fund. The iShares fund also favors the banks and financial services sub-sectors, whereas theComplete Story »
- Original article
- Login or register to post comments

