One trade I have been extremely bullish on is a long position on the KBW Bank Index (KBE) while shorting the KBW Regional Bank Index (KRE). This trade has worked out very well ever since I wrote on RealMoney’s Columnist Conversation with the trade. The play is betting on the relative out-performance of the large […]
Category: NYSE:KRE
Data, and dilution weigh on financial sector (XLF, KRE, KBE)
NEW YORK (MarketWatch) — Shares of U.S. financial stocks fell on Wednesday as the latest data from the government showed that consumer spending continues to fall. Analysts had expected a small boost in consumer spending in April. Retail sales dropped a seasonally adjusted 0.4%, the eighth decline in the past 10 months, the Commerce Department […]
Big banks rally, lifting broader sector; (XLF, KRE, KBE)
It looks like Bank of America will not be taken over by the government. The bank says it does not need any new capital despite prior rumors that it would need an additional $35B in government money… It will instead convert preferred stock to common, and liquidate assets amongst to other creative options to raise […]