A new ETF hitting the market this week is aiming to make it easier for investors to gain exposure to large banks, and large banks only. Roundhill Investments’ Big Bank ETF (BIGB) will have equal weight positions in just six banks: Bank of America , Citigroup , Goldman Sachs , JPMorgan Chase , Morgan Stanley … Read more
There’s speculation the Silicon Valley Bank collapse could expose problems lurking in ETFs tied to specific sectors. Astoria Portfolio Advisors CIO John Davi has financials topping his watch list. “You need to be mindful of your risk,’” Davi, who runs the AXS Astoria Inflation Sensitive ETF, told CNBC’s “ETF Edge” this week. The fund is … Read more
ShareShare Article via FacebookShare Article via TwitterShare Article via LinkedInShare Article via Email Volatility in the financial sector has left investors questioning if banks are a safe investment, especially with well-known institutions down significantly this year. Anton Schutz, who founded Mendon Capital Advisors with an eye for investing in financials, joins CNBC Pro Talks with … Read more
Financials ETFs are getting hit hard by fear that the collapses of Silicon Valley Bank and Signature Bank will ripple throughout the banking system. Some of the biggest funds, however, are set to get some reinforcements next week that could stem their losses. The financial sector is set for a big change next week, as … Read more
Government intervention to backstop Silicon Valley Bank and Signature Bank has shaken up markets and investors are running for cover. Dan Niles, founder of the Satori Fund, says now is the time for caution and is doubling down on his S&P 500 price target of 3,000 that he gave to CNBC in January. In a … Read more
In this photo illustration of the TradingView stock market chart of SVB Financial Group seen displayed on a smartphone with the SVB Financial Group logo in the background. Igor Golovniov | Lightrocket | Getty Images This is a developing story. Check back for updates. Shares of SVB Financial Group, known as Silicon Valley Bank, tumbled … Read more
Credit card providers are benefitting from post-pandemic travel and increasing card usage in general, with balances way up in recent months. Valentinrussanov | E+ | Getty Images Financial stocks were so out of favor for most of 2022 that perhaps their tickers should have been appended with a Nathaniel Hawthorne-esque “U” — for “unloved.” Yet … Read more
Financial stocks are off to a solid start to the year, but the performance of the First Trust Financials AlphaDEX Fund (FXO) is surpassing its rivals and attracting a wave of cash from investors. The FXO has pulled in more than $1 billion of inflows over the past month, according to FactSet, and is outperforming … Read more