Its rally off its February lows has been impressive, but the Financial Select Sector SPDR (NYSE: XLF) is still one of the worst-performing sector SPDR exchange traded funds with a year-to-date loss of 6.5 percent. Adding to the near-term problems for U.S. bank stocks and ETFs like XLF is that when the sector climbed last year as investors were betting on the Federal Reserve raising interest rates, the group became expensive on valuation.
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.
Another avenue for playing a rebound in bank stocks is ...
/www.benzinga.com/analyst-ratings/analyst-color/16/03/7171917/an-etf-for-a-financial-services-rebound alt=An ETF For A Financial Services Rebound>Full story available on Benzinga.com
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