Financial ETFs Trip as Bank Earnings Fail to Impress

Markets ETF Trends

Financial stocks and sector-related exchange traded funds weakened Friday as second quarter earnings failed to meet expectations and palled in comparison to strong first quarter results. The Financial Select Sector SPDR (NYSEArca:XLF), the largest financial sector-related ETF, declined 0.7% Friday. Bank stocks have rallied in recent weeks but ran out of steam Friday after J.P.…Click to read more at ETFtrends.com.

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