Financial ETFs Could Be Gaining Momentum

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Bank stocks and financial sector exchange traded funds may continue to strengthen as strong fundamentals help support this market segment’s outlook. Year-to-date, the Financial Select Sector SPDR (NYSEArca: XLF) gained 1.2%, iShares U.S. Financials ETF (NYSEArca: IYF) added 1.4% and Vanguard Financials ETF (NYSEArca: VFH) rose 2.2%. Additionally, bank specific plays such as the SPDR [...]

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