Strong Earnings Weren’t Enough for Bank ETFs
This article was originally published on ETFTrends.com.
Bank stocks and sector-related bank ETFs plunged on Friday, despite strong third quarter profit results. Among the worst performing ETFs on Friday, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) declined 3.6%, SPDR S&P Regional Banking ETF (NYSEArca: KRE) retreated 3.6%, PowerShares KBW Regional Bank Portfolio (NYSEArca: KBWR) decreased 3.5%. Meanwhile, the broader Financial Select [...]