Bank stocks drop after 10-year yield hits 15-month low following Fed update

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From Mark Decambre: Popular gauges of financial institutions on Wall Street traded solidly lower after the Federal Reserve Wednesday downgraded its forecast for U.S. economic growth and indicated that policy makers wouldn't hike rates in 2019. That reaffirmation of its earlier dovishness provides a poor environment for bank's, whose business models perform better in a rising interest-rate environment. The 10-year Treasury note fell to 2.53%, hitting its lowest level since early January of 2018, after the Fed policy update. Meanwhile, the Financial Select Sector SPDR ETF XLF, -2.06% fell 0.6%, while the S&P 500's financial sector was off by 1.2% and the Invesco KBW Bank ETF KBWB, -3.03% was 1.8% lower in late-Wednesday action. Although the Federal Open Market Committee held interest rates at a range of 2.25% to 2.50% as expected, it downgraded its economic outlook, dropping its gross domestic product forecast to 2.1% for 2019, from 2.3% before, and said that the winding down of its balance sheet would end in September. Meanwhile, the Dow Jones Industrial Average DJIA, -0.55% the Nasdaq Composite Index COMP, +0.07% and the S&P 500 index SPX, -0.29% all headed modestly higher after the Fed decision.
NYSE:KBE March 20, 2019 6:25pm

Bad news for Wall Street: Ocasio-Cortez reportedly in line for banking post

bank sector
From Jeff Cox:
NYSE:KBE January 11, 2019 1:52pm

Important Market Divergences Taking Shape

From Chris Kimble: This 4-pack of charts compares the price action of today with the price action of the 2007 highs in the Dow Jones Home Construction IndexBank Index & Real Estate.
NYSE:KBE September 29, 2018 7:41am

Bank Stocks In A Tenuous Spot (KBW)

Technical analyst Chris Kimble examines a key banking index and finds reason to believe a renewed rally -- or a breakdown -- could be coming soon.
NYSE:KBE April 7, 2018 7:32am

These ETFs Should Benefit The Most From Trump’s Tax Plan

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From Zacks: At the end of September, Trump revealed his much talked-about tax plan, suggesting comprehensive tax cuts for individuals and corporations. Some of the key suggestions are a cut in the corporate tax rate to 20% from 35% and slashing of the number of individual tax brackets to three from seven.
NYSE:KBE October 14, 2017 6:22am

Banks Are Breaking Out Of Recent Basing Pattern (KBE)

From Chris Kimble: Since the first of this year, banks didn't have much to brag about, as they lagged the broad market to the upside. While lagging, they potentially built a base that could reward the owners of banks for a while going forward.
NYSE:KBE October 8, 2017 7:09am

5 Reasons To Be Bullish On Bank ETFs (KBE)

From Zacks: The U.S. financial sector, which accounts for around one-fifth of the S&P 500 index, has been on an uptrend. Strong loan growth, improving credit quality, decent M&A and IPO activities, as well as stable balance sheets are fueling optimism in the broad sector.
NYSE:KBE August 21, 2017 6:26am

Should Investors Be Worried About Bank Stock Weakness? (KBE)

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From Dana Lyons: It’s no secret that financials have been badly lagging of late; but is it as much of a red flag as many have been suggesting?
NYSE:KBE June 6, 2017 10:37am

Bank ETF Suddenly Faces A Technical Breakdown At The $41 Level

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From Taki Tsaklanos: Banking stocks fell sharply on Wednesday, with the banking ETF KBE moving 3.97% lower, a significant for the sector.
NYSE:KBE May 18, 2017 6:21am

JPMorgan Issues Bearish Warning For Midsize Banks

bank sector
From Brad Hoppmann: A deposit drain is coming. So, merge while you can.
NYSE:KBE May 11, 2017 6:10am

Bank-Focused ETFs Get A Bump From Hawkish Fed Commentary

From Zacks: As widely expected, the Fed stayed put in its April meeting but showed faith in the U.S. economy and maintained its hawkish stance on monetary policy outlook. A soft GDP data for the first quarter and slower manufacturing activity couldn’t subdue the Fed’s optimistic view about the economy.
NYSE:KBE May 5, 2017 7:26am

Expect More Turmoil For Banks In The Near Term

From Brad Hoppmann: The action in markets last week, and again today, can perhaps best be described in a single word: Stalled.
NYSE:KBE March 28, 2017 7:17am

Volume Soars In Rapidly Weakening Bank ETF

bank sector
From Zacks: In the last trading session, U.S. stocks were slightly positive after a bloodbath the day earlier as investors await the outcome of Trump’s Health Care plan voting.
NYSE:KBE March 23, 2017 9:02am

Financial ETFs Continue To Feel The Trump Bump

With interest rates on the rise and likely deregulation under the Trump administration, the financial sector should benefit. On a relative value basis, the sector remains attractive and can continue to outperform as rates rise and the burden of a heavy regulatory environment is lifted, boosting profitability.
NYSE:KBE March 6, 2017 5:26pm

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