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Bank insiders cash in amid post-election rally

Nov. 28, 2016 10:45 AM ETXLF, IYF, IYG, VFH, KBE, IAT, KRE, RSPF, UYG, FXO, SEF, FAS, FAZ, QABA, BTO, KBWB, KBWR, FNCLBy: Stephen Alpher, SA News Editor2 Comments
  • A full 39% of the 132 banks in its coverage universe saw some insider selling between Nov. 9 and Nov. 18, says Raymond James, noting an even mix of large regional and smaller lenders.
  • Of the 51 banks with insider sales, 39 had sales exceeding $250K.
  • Source: Bloomberg
  • Banks this morning are taking a breather from their rally: KBE -0.95%, KRE -1%.
  • The XLF is down 0.7%.
  • ETFs: XLF, FAS, FAZ, KRE, UYG, VFH, KBE, IYF, BTO, IAT, IYG, FNCL, SEF, FXO, KBWB, QABA, KBWR, RYF

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