Disappointing Earnings Drag on Financial Sector ETFs

MarketsETF Trends

This article was originally published on ETFTrends.com.

Financial stocks and sector-related exchange traded funds retreated Monday after Goldman Sachs (NYSE: GS) announced a decline in first-quarter profits and Citigroup (NYSE: C) revealed a worse-than-expected hit to revenue. The Financial Select Sector SPDR (NYSEArca: XLF), the largest financial sector-related ETF on the market, declined 0.5% on Monday. Dragging on the financial sector, Goldman [...]

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