The financial sector is a key component of economic growth and recent signs of weakness in major banking stocks have investors on edge.
The SPDR S&P Bank ETF (NYSE: KBE) tracks 55 of the nation’s largest banks with top holdings including Wells Fargo (NYSE: WFC) and Bank Of New York Mellon (NYSE: BK).
This ETF currently has $2.6 billion in total assets and charges an expense ratio of 0.35 percent.
Recent scrutiny over capital requirements combined with heightened sensitivity to losses on mortgage settlements has sent this sector reeling in the last two months.
Since hitting a high in March, KBE has now lost 11 ...
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