The start of the earnings seasons will have a huge bearing on ETFs in such key sectors such as financials this week.  The Financial Select Sector SPDR ETFs (NYSE:XLF) fate will fall into the hands of Key earnings reports from JP Morgan (NYSE:JPM), Bank of America (NYSE:BAC), and Citigroup (NYSE:C) this week.

“JP Morgan (NYSE:JPM) delivers its second-quarter earnings report on Thursday, while Bank of America (NYSE:BAC)  and Citigroup (NYSE:C) report on Friday. Almost 25% of XLF’s assets are in these stocks. Investors are coming into this earnings season on a sour note, with financial ETFs such as (NYSE:XLF) down 15% or more. Financial reform was recently passed and it’s not fully clear how this will ultimately affect the industry. Looking ahead, investors are concerned about the economy in the second half of the year,” Don Dion Reports From Dion Money Management.

Dion goes on to say, “Therefore, the third quarter outlook and comments on the financial regulation are big areas to watch. I think investors have priced in a lot of negatives, but a miss or negative outlook from (NYSE:JPM) could rattle the market. I expect positive reports, however, and a good week for the financials. Recall that last July, it was Goldman Sachs’(NYSE:GS) earnings that touched off a big rally in July and August. Investors can use iShares Dow Jones U.S. Financial Services (NYSE:IYG) for greater total exposure to these companies, with 31% of assets in the three banks.”

We have put together some more details on the Financial Select Sector SPDR ETF (NYSE:XLF) and the iShares Dow Jones U.S. Financial Services ETF (NYSE:IYG) below including a list of some of the banks within the ETFs. Feel free to take a look at our ETF categories for more insight on each ETF as well.

Financial Select Sector SPDR ETF (NYSE:XLF) Visit Our (XLF) Category: HERE

The investment includes companies from the following industries: banks, diversified financials, insurance and real estate. The fund will normally invest at least 95% of its total assets in common stocks that comprise the relevant Select Sector Index. This fund has adopted a policy that requires it to provide shareholders with at least 60 days notice prior to any significant material change in its policy or its underlying index. It is nondiversified.

iShares Dow Jones U.S. Financial Services ETF (NYSE:IYG) Visit Our (IYG) Category: HERE

The investment seeks investment results that tracks Dow Jones U.S. Financial Services Index. The fund generally invests at least 90% of assets in securities of the underlying index and depositary receipts representing securities of the underlying index. It may invest the remainder of assets in securities not included in the underlying index but which BGFA believes will help the fund track underlying index, and in futures contracts, options on futures contracts, options and swaps as well as cash and cash equivalents, including shares of money market funds advised by BGFA. The fund is nondiversified.

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IYG, XLF