Financial ETFs Stung by Wells Fargo Earnings Report
This article was originally published on ETFTrends.com.
It was more than a case of bad luck on Friday the 13th as Wells Fargo posted second quarter losses, stinging three financial ETFs with the heaviest weighting of Wells Fargo equities–iShares Evolved US Financials ETF (BATS: IEFN), Invesco KBW Bank ETF (NASDAQ: KBWB) and iShares US Financial Services ETF (NYSEArca: IYG). While peers JP [...]