Is KBE a buy? - Seeking Alpha

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HEADLINES:

A Review Of The Long-Term Benefits Of Diversification
David Hunkar • Sun, May 5
Stronger Equity And Housing Markets Give Boost To Financials
Morningstar • Sun, Apr 28
The Invidious 'Down Payment Requirement' Meme
Felix Salmon • Thu, Apr 25 • 6 Comments
Low Interest Rates Are Hurting The Economy?
Robert Wagner • Wed, Apr 24 • 7 Comments
More Big Banks Report: Citigroup, Goldman And BofA
John M. Mason • Wed, Apr 17 • 1 Comment
Necessary Finger Crossing
The Inflation Trader • Fri, Apr 12 • 8 Comments
A Bright Golden Haze
The Inflation Trader • Fri, Apr 12 • 12 Comments
Winner Takes All: The Super-Priority Status Of Derivatives
Ellen Brown • Tue, Apr 9 • 73 Comments
Savings Glut Meets The Great Recession
Antonio Fatas • Tue, Apr 9 • 4 Comments
What Does Leaked Brown-Vitter Bill On Too Big To Fail Do?
Rortybomb • Tue, Apr 9
1 Reason For Market Rally? Financial Stress Has Returned To Mid-2007 Levels By 3 Fed Measures
Mark J. Perry • Mon, Apr 8 • 4 Comments
On The Backs Of The Savers
Michael Chandler • Fri, Apr 5 • 6 Comments
It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors
Ellen Brown • Thu, Mar 28 • 579 Comments
The Sand Continues To Shift In High-Yield Bank Loans
AllianceBernstein • Wed, Mar 27
Monetary Experts Highlight Financial Mechanism
Eric Falkenstein • Wed, Mar 27 • 2 Comments
A Short Analysis Of Capital Reserves Of European Banks
Katchum • Tue, Mar 26 • 3 Comments
The Case For Optimism
Calafia Beach Pundit • Fri, Mar 22 • 5 Comments
March Madness, Stock Mania, And The Truth About Gas Prices
Lou Basenese • Fri, Mar 22 • 1 Comment
How Much Capital?
Josh Hendrickson • Tue, Mar 19
Why Bank Profits Will Decline
Michael Nau • Mon, Mar 18 • 4 Comments

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19 Banks Stress Tested: What About The Rest?
Sageworks, Inc. • Sun, Apr 8, 2012 • 3 Comments
Are Bank ETFs Finally Turning Around?
Tom Lydon • Wed, Aug 31, 2011
Spotlight on SPDR KBW Bank ETF
Tom Lydon • Thu, Jun 16, 2011 • 1 Comment
ETF Options Traders Look for Rebound in Citigroup, Big Banks
John Spence • Mon, May 16, 2011
U.S. Banks Are Still in the Dumps
Streetwise Blog • Fri, May 13, 2011 • 1 Comment
Chart of the Week: Banks on a Tear
Bill Luby • Mon, Dec 13, 2010
10 Reasons to Prefer U.S. Banks Over European Banks
Cullen Roche • Fri, Nov 26, 2010 • 6 Comments
When Bankers Make Windfall Profits From the FDIC
Felix Salmon • Fri, Nov 12, 2010 • 5 Comments
What Does Quantitative Easing Mean for Banks?
Dr. Dr. Bill Conerly • Wed, Nov 3, 2010 • 6 Comments
The Fed Underwrites Asset Explosion
Edward Harrison • Sun, Oct 31, 2010 • 13 Comments
Elevated Level of Risk vs. Reward Demands Attention
Bret Rosenthal • Thu, Oct 28, 2010
Judging TARP
Felix Salmon • Fri, Oct 8, 2010 • 4 Comments
Could the Foreclosure Debacle Benefit Banks?
Tom Lindmark • Thu, Sep 30, 2010 • 9 Comments
SPDR KBW Bank ETF in a World of Hurt: Will the Broader Market Follow?
Gary Gordon • Thu, Aug 26, 2010
Bank Failures and Problem Banks Pile Up
Erik McCurdy • Sun, Aug 1, 2010
103 Bank Failures: Why They Failed
Christopher Menkin • Mon, Jul 26, 2010 • 2 Comments
Friday’s ETF to Watch: SPDR KBW Bank Index
Tom Lydon • Fri, Jul 16, 2010
Why Moral Hazard Is Not the Answer
Eric Falkenstein • Wed, Jun 2, 2010 • 2 Comments
Greenspeak Returns
John Lounsbury • Thu, Apr 8, 2010 • 17 Comments
ETFs, ETNs and Your Taxes: Street One's Paul Weisbruch Explains All
Street One Financial • Tue, Apr 6, 2010 • 13 Comments

A Review Of The Long-Term Benefits Of Diversification
David Hunkar • Sun, May 5
Stronger Equity And Housing Markets Give Boost To Financials
Morningstar • Sun, Apr 28
The Invidious 'Down Payment Requirement' Meme
Felix Salmon • Thu, Apr 25 • 6 Comments
Low Interest Rates Are Hurting The Economy?
Robert Wagner • Wed, Apr 24 • 7 Comments
More Big Banks Report: Citigroup, Goldman And BofA
John M. Mason • Wed, Apr 17 • 1 Comment
Necessary Finger Crossing
The Inflation Trader • Fri, Apr 12 • 8 Comments
A Bright Golden Haze
The Inflation Trader • Fri, Apr 12 • 12 Comments
Winner Takes All: The Super-Priority Status Of Derivatives
Ellen Brown • Tue, Apr 9 • 73 Comments
Savings Glut Meets The Great Recession
Antonio Fatas • Tue, Apr 9 • 4 Comments
What Does Leaked Brown-Vitter Bill On Too Big To Fail Do?
Rortybomb • Tue, Apr 9
1 Reason For Market Rally? Financial Stress Has Returned To Mid-2007 Levels By 3 Fed Measures
Mark J. Perry • Mon, Apr 8 • 4 Comments
On The Backs Of The Savers
Michael Chandler • Fri, Apr 5 • 6 Comments
It Can Happen Here: The Confiscation Scheme Planned For U.S. And U.K. Depositors
Ellen Brown • Thu, Mar 28 • 579 Comments
The Sand Continues To Shift In High-Yield Bank Loans
AllianceBernstein • Wed, Mar 27
Monetary Experts Highlight Financial Mechanism
Eric Falkenstein • Wed, Mar 27 • 2 Comments
A Short Analysis Of Capital Reserves Of European Banks
Katchum • Tue, Mar 26 • 3 Comments
The Case For Optimism
Calafia Beach Pundit • Fri, Mar 22 • 5 Comments
March Madness, Stock Mania, And The Truth About Gas Prices
Lou Basenese • Fri, Mar 22 • 1 Comment
How Much Capital?
Josh Hendrickson • Tue, Mar 19
Why Bank Profits Will Decline
Michael Nau • Mon, Mar 18 • 4 Comments

There are no Transcripts on KBE.

Economic Preview: Housing’s better, but how good will it get?

at MarketWatch.com (Oct 18, 2012)
Financial Stocks: Fed plan lifts financials close to 52-week high

at MarketWatch.com (Sep 13, 2012)
Financial Stocks: Bank of America leads financial stocks higher

at MarketWatch.com (Sep 7, 2012)
Rubbermaid, Affymetrix options volumes surge

at MarketWatch.com (May 4, 2012)
Is Citi's Stress Test Sell-Off a Big Opportunity?

at CNBC.com (Mar 14, 2012)
Financial Stocks: Financial stocks drop on global jitters

at MarketWatch.com (Mar 6, 2012)
Financial Stocks: Financial stocks fall on Bernanke, Beige Book

at MarketWatch.com (Feb 29, 2012)
Financial Stocks: Financial stocks rise on economic data

at MarketWatch.com (Feb 23, 2012)
Financial Stocks: Financial stocks drop on weak euro-zone data

at MarketWatch.com (Feb 22, 2012)
Financial Stocks: Financials slip as Greek deal euphoria fades

at MarketWatch.com (Feb 21, 2012)
Financial Stocks: Financial stocks finish week higher

at MarketWatch.com (Feb 17, 2012)
Financial Stocks: Financial stocks sink with broader market

at MarketWatch.com (Feb 15, 2012)
Financial Stocks: Financials fall on retail sales, downgrades

at MarketWatch.com (Feb 14, 2012)
Financial Stocks: Bank of America leads financials higher

at MarketWatch.com (Feb 13, 2012)
Financial Stocks: Financials fall after mortgage settlement

at MarketWatch.com (Feb 9, 2012)
Weekend Investor: Don’t write bank stocks a big check

at MarketWatch.com (Feb 3, 2012)
Financial Stocks: Financials pare losses after downgrades, E.U.

at MarketWatch.com (Jan 30, 2012)
Financial Stocks: Financials fall led by banks, E-Trade

at MarketWatch.com (Jan 26, 2012)
Financial stocks go positive after FOMC

at MarketWatch.com (Jan 25, 2012)
Video: Rally in Bank Stocks Is Not a Buy Sign

at MarketWatch.com (Jan 24, 2012)

KBE vs. ETF Alternatives

KBE Description

The SPDR® S&P® Bank ETF, before expenses, seeks to closely match the returns and characteristics of the S&P® Banks Select Industry Index (ticker: SPSIBK). Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
See more details on sponsor's website

Sector: Financial

Country: United States

Key Info

In Your Portfolio: Financial Sector ETFs
Asset Class Performance: Sectors

All
| Earnings
| Dividends
| M&A
| On the move

Wednesday, May 8, 10:43 AM KeyCorp's (KEY) big move (up 22% YTD vs. 14% for KBE) is unjustified, according to KBW's Chris Mutascio, who's had a Sell on the stock for most of the run. Four other large regionals - WFC, USB, BBT, FITB - are better bargains as they sport lower P/E multiples despite higher ROAs and (for 3 of the 4) far larger ROEs. 3 Comments [Financials]
Tuesday, February 26, 3:57 PM PowerShares has shuttered 13 ETFs, representing less than 1% of the issuer's AUM, as of today's close. Affected funds follow (with competing funds in parentheses): PIC (KIE, IAK, KBWP, KBWI), PYH, PJB (IAT, KBE, KRE, RKH, QABA, KRU, KRS, KBWR), PSTL (SLX), PLK, PWND (FAN), PMA, PKOL (KOL), PKN (NLR, NUCL, URA), PTO, PAO, PCA and CVRT. (pdf) Comment!
Friday, July 13, 2012, 2:32 PM JPMorgan (JPM +5.4%) CIO Risk Manager Irvin Goldman has resigned in response to major trading losses and a criminal investigation. Bank stocks continue to shoot higher (XLF +2.4%), as the Street gives a thumbs-up to JPMorgan and Wells Fargo's (WFC +3.1%) Q2 reports (I, II). (more on JPM) 9 Comments [Financials, On the Move, Breaking News]
Tuesday, July 3, 2012, 4:24 PM There's no point to "living wills" for banks, says Dick Bove. The wills, which are supposed to provide a blueprint for FDIC regulators to deal with banks when they go belly up, simply interfere with a process that has been in place for decades. “I don’t see what the purpose is of coming up with a new statement," Bove quips, "because we’re still going to do it the way it was done 50 years ago.” 8 Comments [Financials, U.S. Economy]
Thursday, June 21, 2012, 1:02 PM ETFChannel notes an impressive 24% of the holdings on a weighted basis in the S&P Bank SPDR (KBE) have had insider buying over the past 6 months. Leading the way are TCF Financial (TCB), the ETFs 2nd largest holding, and Huntington Bancshares (HBAN), also of similar significance to the ETF. Comment! [Financials]
Monday, June 18, 2012, 3:24 AM Fed up with new regulations and weak loan demand, a growing number of small community banks are looking to sell themselves to larger rivals. More than 90 bank mergers have already been announced this year. 4 Comments [Financials]
Friday, June 8, 2012, 4:54 AM The 19 largest U.S. banks are at least $50B short of meeting Basel III requirements. Smaller U.S. banks are around $10B short of the requirements, the Fed said yesterday. 1 Comment [Financials]
Monday, May 14, 2012, 4:26 AM Wall Street banks should be forced to give up their trading operations, says the FDIC's Thomas Hoenig, with broker-dealer activities cleaved off from banks. Hoenig says TBTF firms have "little capacity to manage [their companies] systematically over time" and regulators are ill-equipped to supervise them. (see also: prop trading, regulatory fail) 1 Comment [Financials]
Tuesday, March 13, 2012, 1:45 PM Not only is Keefe, Bruyette & Woods forecasting that the banking industry is set to see more banks jump into the M&A market as buyers as opposed to sellers, analysts with the firm are also naming names. Banks looking to catch a premium bid: ALNC, FDEF, OABC, TCBI, HTBK, and CFNL. Comment! [Financials, Quick Ideas]
Monday, March 12, 2012, 4:24 PM Keefe, Bruyette & Woods sees more banks entering the market as buyers than sellers in 2012, in a good sign for banks looking to find an acquirer willing to pay a premium price. Analysts with Keefe say that after a little over two months into the year, the pace of +$50M deals is more than double than that of last year. Comment! [Financials]
Wednesday, February 22, 2012, 8:34 AM The CFPB's Richard Cordray says that the agency is launching an inquiry into the policies of banks on checking account overdrafts. At issue: Do banks withdraw larger checks before smaller checks in order to run up fees? At risk: An estimated $38B in annual overdraft fees. 1 Comment [Financials, U.S. Economy]
Wednesday, February 15, 2012, 1:42 AM Global regulators' Libor probe has exposed flaws in banks' internal controls that may have allowed traders to manipulate interest rates around the world, sources say, along with email evidence of potential Libor collusion between firms. Banks may face civil fines as a result, though probably not this year. There has been no move toward criminal charges. 1 Comment [Financials]
Friday, February 3, 2012, 1:57 AM Banks have been steadily releasing reserves against bad loans, which has boosted their earnings reports. But with loan-loss cushions now heading back to pre-crisis levels, some analysts believe banks will have to slow reserve releases, adding pressure to profits already hit by slower growth and tighter rules. 2 Comments [Earnings, Financials]
Wednesday, February 1, 2012, 4:48 AM President Obama is expected to detail today a program to let millions of homeowners refinance their mortgages with lower-interest federally insured loans. Borrowers would qualify even if they were in negative equity, although Obama is likely to face opposition over plans to levy a bank tax to pay for the proposal. 2 Comments [Financials, U.S. Economy]
Monday, January 30, 2012, 2:59 PM Domestic banks experienced somewhat stronger loan demand over the past three months, according to the Fed in its January 2012 Senior Loan Officer Opinion Survey on Bank Lending Practices. Commercial and industrial loan demand was solid from firms of all sizes, however demand from small firms rose to its highest level since 2005. Comment! [Financials, U.S. Economy]
Monday, January 23, 2012, 3:06 AM France and Germany will reportedly call today for a relaxation of global bank capital rules to ensure lending isn't choked off. The countries will urge special treatment for banks that own insurance companies, and call for a three-year delay to the mandatory deadline to disclose leverage ratios. 6 Comments [Global & FX, Financials]

O. Young Kwon
TANER Rotation Model (TRM) Momentum 4/22/2013 (Monday): (2-3) SPDR Bank ETF ($KBE) ETF ($KBE) <c>
Apr 21, 8:03 AM
Reply (2)

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O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
Apr 21, 8:04 AM
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
Apr 21, 8:06 AM
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x oil -field
Winner Takes All: The Super-Priority Status Of Derivatives Apr 9 2013 by: Ellen Brown. $BAC $JPM $KBE $XLF http://bit.ly/11SgECQ
Apr 10, 4:45 AM
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x oil -field: .. should visit the SA contributor article,a little to much FDIC doom and gloom for me,but fine article TBT[JAIL] Wall ST fraud[sters].MHO
Apr 10, 4:56 AM
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x oil -field: $OIL WTI Halts Two-Day Gain as *Surplus Supplies Rise to 32-Year High. http://bloom.bg/16MrlYT $USO
Apr 10, 7:25 AM
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O. Young Kwon
TANER Rotation Model (TRM) Momentum 3/25/2013 (Monday): (1-3) <$VDC $XHB $HYG $KBE> Vanguard Consumer Staples ETF ($VDC) <c>
Mar 23, 3:29 PM
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O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
Mar 23, 3:31 PM
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
Mar 23, 3:33 PM
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Joshua Hayes
Big Wave Trading Portfolio Update And Top Current Holdings http://bit.ly/WIktXd $KBE $XHB $VRNM $ASTM $CSU $CAMP $NTE
12/27/12
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Cabeza Howe
Outperformers today: $XHB $XLI $XLY $XLB $XLF $KBE $CAF $GXC $FXI ($VRA $COH $PHM $TOL $CAT $CMI $YUM). Does this carry any meaning?
10/18/12
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Cabeza Howe: Dow Transport (5,156.54 +0.15%) doing fine too. $IYT
10/18/12
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Dr. Kris
Another "groot" (green shoot): The Banking etf ($KBE) breaking $20.50 resistance today. Financials are finally starting to break ground!
1/5/12
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The_American
Now may be a good time to dip a bit into the TVIX or VIXX & HDGE some bets. If XLF or KBE banks rally they will RUN. Can't see it with EUO
12/30/11
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The_American: If the Euro banks are starting to freeze up their money markets & Merkel coming outright w/outlook for 2012 we trade on emotion. Not Logic
1/2/12
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The_American: I know. I've been cost dollar averaging on BAC so I feel nice at 5.75. I think it goes to 7 but if EUO continues I hope to see support at 6
1/6/12
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The_American
Eurobond had to be done otherwise could have been catastrophe & anyone says otherwise is ignorant. If EUO works XLF KBE FAS may rally BAC 41
12/26/11
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The_American: The Russians hired C DB and a few others for Eurobonds. It's money swaps. Believe it not and considering circumstances what the U.S. Did-OK
12/26/11
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The_American: Well said Jason. At the end of the day everyone pays the Piper. Our banks KBE XLF are healing. Don't expect BAC to be at 60 but healing slow
12/26/11
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The_American
The very people FAZ XLF KBE the banks are the very ones that need to get us OUT. They need to go back to the days of FDR & FIX HOUSING=JOBS!
11/30/11
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Joshua Hayes
Another distro day 2day. This market is biding time b4 breaking down. Ugly ETF failures 2day: VGK KBE SMH TECL. Bright spots: Gold Medical
7/14/11
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LATEST REPLIES

O. Young Kwon
TANER Rotation Model (TRM) Momentum 4/22/2013 (Monday): (2-3) SPDR Bank ETF ($KBE) ETF ($KBE) <c>
Apr 21, 8:03 AM
Reply (2)

• !Report Abuse
View all 2 replies
O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
Apr 21, 8:04 AM
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
Apr 21, 8:06 AM
• !Report Abuse
Add a reply...

140 characters

x oil -field
Winner Takes All: The Super-Priority Status Of Derivatives Apr 9 2013 by: Ellen Brown. $BAC $JPM $KBE $XLF http://bit.ly/11SgECQ
Apr 10, 4:45 AM
Reply (4)

• !Report Abuse
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x oil -field: .. should visit the SA contributor article,a little to much FDIC doom and gloom for me,but fine article TBT[JAIL] Wall ST fraud[sters].MHO
Apr 10, 4:56 AM
• !Report Abuse
x oil -field: $OIL WTI Halts Two-Day Gain as *Surplus Supplies Rise to 32-Year High. http://bloom.bg/16MrlYT $USO
Apr 10, 7:25 AM
• !Report Abuse
Add a reply...

140 characters

O. Young Kwon
TANER Rotation Model (TRM) Momentum 3/25/2013 (Monday): (1-3) <$VDC $XHB $HYG $KBE> Vanguard Consumer Staples ETF ($VDC) <c>
Mar 23, 3:29 PM
Reply (3)

• !Report Abuse
View all 3 replies
O. Young Kwon: Click: http://seekingalpha.com/p/p9e3 For "The Daily TANER Momentum" <c>
Mar 23, 3:31 PM
• !Report Abuse
O. Young Kwon: (The numbers are terms in months.) For The TANER System and its four Models, read my article. Link:http://seekingalpha.com/a/hitr yk
Mar 23, 3:33 PM
• !Report Abuse
Add a reply...

140 characters

Cabeza Howe
Outperformers today: $XHB $XLI $XLY $XLB $XLF $KBE $CAF $GXC $FXI ($VRA $COH $PHM $TOL $CAT $CMI $YUM). Does this carry any meaning?
10/18/12
Reply (1)

• !Report Abuse
View all 1 replies
Cabeza Howe: Dow Transport (5,156.54 +0.15%) doing fine too. $IYT
10/18/12
• !Report Abuse
Add a reply...

140 characters

The_American
Now may be a good time to dip a bit into the TVIX or VIXX & HDGE some bets. If XLF or KBE banks rally they will RUN. Can't see it with EUO
12/30/11
Reply (5)

• !Report Abuse
View all 5 replies
The_American: If the Euro banks are starting to freeze up their money markets & Merkel coming outright w/outlook for 2012 we trade on emotion. Not Logic
1/2/12
• !Report Abuse
The_American: I know. I've been cost dollar averaging on BAC so I feel nice at 5.75. I think it goes to 7 but if EUO continues I hope to see support at 6
1/6/12
• !Report Abuse
Add a reply...

140 characters

The_American
Eurobond had to be done otherwise could have been catastrophe & anyone says otherwise is ignorant. If EUO works XLF KBE FAS may rally BAC 41
12/26/11
Reply (7)

• !Report Abuse
View all 7 replies
The_American: The Russians hired C DB and a few others for Eurobonds. It's money swaps. Believe it not and considering circumstances what the U.S. Did-OK
12/26/11
• !Report Abuse
The_American: Well said Jason. At the end of the day everyone pays the Piper. Our banks KBE XLF are healing. Don't expect BAC to be at 60 but healing slow
12/26/11
• !Report Abuse
Add a reply...

140 characters

KBE SPDR S&P Bank ETF

KBE

SPDR S&P Bank ETF