Category: NYSE:KBE

From Jeff Cox:

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 Index, Bank Index & Real Estate.

Technical analyst Chris Kimble examines a key banking index and finds reason to believe a renewed rally — or a breakdown — could be coming soon.

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.

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.

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?

From Taki Tsaklanos: Banking stocks fell sharply on Wednesday, with the banking ETF KBE moving 3.97% lower, a significant for the sector.

From Brad Hoppmann: A deposit drain is coming. So, merge while you can.

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.

From Brad Hoppmann: The action in markets last week, and again today, can perhaps best be described in a single word: Stalled.

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.