US Financial Stocks Up After Bank Of America Upgrade (ETF: XLF, KBE, KRE)

Share This Article
May 18, 2009 11:01am NYSE:KBE NYSE:KRE

boaA bullish research note from Goldman Sachs urging clients to buy Bank of America Corp. (BAC) shares with conviction boosted the Charlotte bank’s stock 10% and helped the financial sector in general.

The Financial Select Sector SPDR exchange-traded fund (XLF) rose 40 cents, or 3.6%, to $11.94. The KBW Bank ETF (KBE) rose 96 cents, or 5.3%, to $19.26 while the KBW Regional Banking ETF (KRE) rose 80 cents, or 3.9%, to $21.36.

Full Story: http://online.wsj.com/article/BT-CO-20090518-708480.html



7 "SAFE HAVEN" Dividend Stocks for Turbulent Times

Read Next



Free Investing Ideas Newsletter!

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

Most Popular



7 Best ETFs for the NEXT Bull Market

Explore More from ETFDailyNews.com

Free Investment Newsletter

Join over 70,000 investors who get the latest insights and top rated picks from our free investment newsletter.

ETFDailyNews.com respects your privacy.

Best ETFs

We've rated and ranked nearly 2,000 ETFs and ETNs using our proprietary SMART Grade system.

View Top Rated ETFs

Best Categories

We've ranked dozens of ETF categories based on relative performance.

Best ETF Categories