Financial services stocks and exchange-traded funds have disappointed in the wake of the Federal Reserve's December interest rate hike, the first such action by the U.S. central bank in nearly a decade.
For example, the Select Sector Financial Slct Str SPDR Fd (NYSE: XLF), the largest financial services ETF by assets, is down 12.4 percent over the past month and has closed higher in just two of 2016's 10 trading sessions.
Banks And Dividends
Patient investors could be rewarded with bank stocks and ETFs in the form of consistently rising dividends. The financial crisis undid decades' worth of dividend ebullience from big banks in short order, leaving some income investors scorned and doubting the sector's future dividend growth prospects.
Fast-forward to 2015 and after several years of ...
/www.benzinga.com/analyst-ratings/analyst-color/16/01/6150081/bank-on-dividends-with-bank-etfs alt=Bank On Dividends With Bank ETFs>Full story available on Benzinga.com
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