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Broker-Dealers ETF Leads Financial Sector
Tom Lydon • Mon, Feb 25
No Shortage Of Money
Calafia Beach Pundit • Sun, Feb 24 • 5 Comments
Is A Crisis The Best Time To Invest?
David Hunkar • Sun, Feb 17 • 4 Comments
Surprise, Surprise, Dollar Weakens On Fed Announcement
John M. Mason • Wed, Dec 12, 2012
Bank ETFs: Regionals Or Large-Caps?
Tom Lydon • Mon, Nov 26, 2012
Bank Lending Continues To Expand
Calafia Beach Pundit • Mon, Nov 19, 2012 • 2 Comments
Bank ETFs Rocket In 2012 But The Rally Isn't Over
Everyday Finance • Mon, Nov 19, 2012 • 1 Comment
Financial Sector: Earnings Estimates Starting To Improve - Can Revenues Follow?
Brian Gilmartin • Thu, Oct 11, 2012 • 4 Comments
Large-Cap ETFs On A Roll
Tom Lydon • Fri, Oct 5, 2012
Why We Can't Simplify Bank Regulation
Felix Salmon • Sun, Sep 16, 2012 • 19 Comments
U.S. Banking Sector Still Not Out Of The Woods
Economics Fanatic • Thu, Jul 19, 2012
Wednesday's ETF To Watch: KBW Bank Portfolio (KBWB)
Stoyan Bojinov • Wed, Jul 18, 2012
Wall Street Lobs Itself A Softball With Low Earnings Expectations
Daniel Sckolnik • Mon, Jul 16, 2012
Energy ETFs Start Second Half With A Bang
Tom Lydon • Tue, Jul 3, 2012 • 1 Comment
The Banks Again: When Will We Learn?
Elliott R. Morss • Tue, May 15, 2012 • 21 Comments
JPMorgan Drops Down The List
Bespoke Investment Group • Mon, May 14, 2012
JPMorgan Chase: Putting Losses In Perspective
Weiss Ratings • Sat, May 12, 2012 • 10 Comments
19 Banks Stress Tested: What About The Rest?
Sageworks, Inc. • Sun, Apr 8, 2012 • 3 Comments
Equity ETF Performance Slides After Big First Quarter
Tom Lydon • Thu, Apr 5, 2012
Bank Of America Leads Financial ETFs Higher
Tom Lydon • Wed, Mar 21, 2012

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Wednesday's ETF To Watch: KBW Bank Portfolio (KBWB)
Stoyan Bojinov • Wed, Jul 18, 2012
Tuesday's ETF To Watch: KBW Bank Portfolio
Jared Cummans • Tue, Jan 17, 2012

Broker-Dealers ETF Leads Financial Sector
Tom Lydon • Mon, Feb 25
No Shortage Of Money
Calafia Beach Pundit • Sun, Feb 24 • 5 Comments
Is A Crisis The Best Time To Invest?
David Hunkar • Sun, Feb 17 • 4 Comments
Surprise, Surprise, Dollar Weakens On Fed Announcement
John M. Mason • Wed, Dec 12, 2012
Bank ETFs: Regionals Or Large-Caps?
Tom Lydon • Mon, Nov 26, 2012
Bank Lending Continues To Expand
Calafia Beach Pundit • Mon, Nov 19, 2012 • 2 Comments
Bank ETFs Rocket In 2012 But The Rally Isn't Over
Everyday Finance • Mon, Nov 19, 2012 • 1 Comment
Financial Sector: Earnings Estimates Starting To Improve - Can Revenues Follow?
Brian Gilmartin • Thu, Oct 11, 2012 • 4 Comments
Large-Cap ETFs On A Roll
Tom Lydon • Fri, Oct 5, 2012
Why We Can't Simplify Bank Regulation
Felix Salmon • Sun, Sep 16, 2012 • 19 Comments
U.S. Banking Sector Still Not Out Of The Woods
Economics Fanatic • Thu, Jul 19, 2012
Wall Street Lobs Itself A Softball With Low Earnings Expectations
Daniel Sckolnik • Mon, Jul 16, 2012
Energy ETFs Start Second Half With A Bang
Tom Lydon • Tue, Jul 3, 2012 • 1 Comment
The Banks Again: When Will We Learn?
Elliott R. Morss • Tue, May 15, 2012 • 21 Comments
JPMorgan Drops Down The List
Bespoke Investment Group • Mon, May 14, 2012
JPMorgan Chase: Putting Losses In Perspective
Weiss Ratings • Sat, May 12, 2012 • 10 Comments
19 Banks Stress Tested: What About The Rest?
Sageworks, Inc. • Sun, Apr 8, 2012 • 3 Comments
Equity ETF Performance Slides After Big First Quarter
Tom Lydon • Thu, Apr 5, 2012
Bank Of America Leads Financial ETFs Higher
Tom Lydon • Wed, Mar 21, 2012
The Downside Of Healthy Banks
The Inflation Trader • Fri, Mar 16, 2012 • 23 Comments

There are no Transcripts on KBWB.

Financial Stocks: Zions off after tweaking outlook; financials weak

at MarketWatch.com (Nov 27, 2012)
Why bank shares could rise another 20%

at MarketWatch.com (Sep 18, 2012)
Chuck Jaffe: Don’t bank on this financial sector ETF

at MarketWatch.com (May 17, 2012)

KBWB vs. ETF Alternatives

KBWB Description

The PowerShares KBW Bank Portfolio (KBWB) is based on the KBW Bank Index. The Fund will normally invest at least 90% of its total assets in securities that comprise the Underlying Index. The Index is a float adjusted modified-market capitalization-weighted index that seeks to reflect the performance of companies that do business as banks or thrifts that are publicly-traded in the U.S. The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and is composed of approximately 24 companies representing leading national money centers and regional banks or thrifts.
See more details on sponsor's website

Sector: Financial

Country: United States

Key Info

In Your Portfolio: A Guide to Sector ETFs, Financial Sector ETFs
Asset Class Performance: Sectors

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

Friday, May 17, 5:56 AM UBS upgrades global financials to Overweight from Underweight on a healing global economy, rebuilt capital, and the sector's shift "from being a net issuer to a net distributor of cash." Furthermore, the U.S. banking sector (XLF) is taken to Overweight as balance sheet strength and attractive valuations play well with the housing market recovery to create compelling opportunities. European banks (EUFN) are lifted to Neutral "with a preference towards Nordic and U.K. banks." Financials respond in London with LLoyds Banking Group (LYG) +2.3%, Royal Bank of Scotland (RBS) +3.3%, and Barclays (BCS) up 0.5%. 5 Comments [Financials, Global & FX]
Wednesday, May 15, 7:54 AM "You're getting cost cuts as a means of sustaining performance and that's not a great sign," says analyst Simon Maughan. "What HSBC (HBC) is showing you (job cuts earlier) is that there is very little growth in the banking industry (XLF) for years to come." CEO Stuart Gulliver notes HSBC has met its savings target, but hasn't met a goal to reduce costs as a percentage of revenue because revenue hasn't grown. 1 Comment [Financials]
Wednesday, April 24, 3:58 PM Richard Pzena (PZN) - still heavily overweight financials (XLF) and mature tech (XLK) - makes his case for global banks in today's earnings call (transcript): With capital levels of 11-13% at JPM, C, and BCS double what they were pre-crisis, will regulators allow banks to earn a decent return on said capital? A definite "yes," says Pzena, seeing no reason demand for financial products won't continue to grow faster than GDP, and noting bank managers' "laser-like focus" on improving returns. An average price-to-book ratio of 0.7x combined with a modest ROE of 12-13% suggests fair value more than double current prices. Comment! [Financials, Tech, Quick Ideas]
Thursday, April 18, 7:37 AM Coming alongside a rise in lender earnings are calls for tougher regulation, including even more stringent capital requirements. Bank profits have thrived the past few years even with all the new rules, but maybe at the expense of economic growth. "The government aimed a Stinger missile at the banking industry and missed and hit the consumer as well," says Dick Bove. The XLF has about matched the S&P's 120% rise since the March 2009 bottom. 1 Comment [Financials]
Monday, April 15, 12:28 PM The Brown/Vitter bill being rolled out in Congress is essentially Armageddon to the TBTF banks, says Goldman, seeing it as mandating another $1.1T in equity for the banking system. Banks would need 12 years of earnings to build this amount organically, though the bill would give just 5 - say goodbye to lending. Break up the banks? BAC, C, JPM, and WFC all have multiple divisions with more than $400M in assets - the level at which the bill gets tough on lenders. 22 Comments [Financials]
Monday, April 15, 11:24 AM A 2.5% move up in Citigroup following earnings is allowing the banks (XLF) to tread water or even move higher in an otherwise bright red tape. Leading the S&P on the downside is the resources sector, XLE -2.9%, XLB -2.5%. S&P 500 (SPY) -0.7%. Comment! [Financials]
Friday, April 12, 12:09 PM "Expect more pronounced slowing" in mortgage banking and loan demand, says Sterne Agee's Todd Hagerman after this morning's earnings from Wells Fargo and JPMorgan. Mortgage banking income fell as expected, but both banks reported slowing application volumes as well, suggesting future cuts to earnings estimates. XLF -0.8%. 7 Comments [Financials]
Wednesday, April 10, 3:59 PM In comments with potential implications for the banking sector, CLSA analyst Mike Mayo says he sees a rebirth of shareholder rights in the sector with institutional investors taking control of their ownership stake. A "country club sort of attitude" has been prevalent for too long among bank boards, with directors getting fired one out of 3,000 times, Mayo says. (video) Comment! [Financials]
Thursday, March 14, 5:14 PM After hours movers in the banks: JPM -2.5% and GS -2.1% after the two had their capital proposals approved but were asked to submit new plans "to address weakness in their capital planning processes." WFC +0.4%, BAC +3.8% after no dividend hike, but a whopping $10.5B in share repurchases and redemption of high-yielding preferreds. Morgan Stanley +0.9%. The XLF +0.1%. 18 Comments [Financials, On the Move]
Thursday, March 7, 11:01 AM The big U.S. banks are considering defying the Fed and announcing capital return plans shortly after stress tests are released this afternoon, reports Bloomberg. The Fed wants the lenders to wait another week, but bank lawyers worry the plans will leak out. It's under discussion, JPM CFO Lake told an investor conference (transcript) Tuesday. XLF +0.6%. 34 Comments [Financials]
Monday, March 4, 11:55 AM Expect gradual, but not outsized jumps in capital returns from the banks this year, says Goldman (stress tests results are due Thursday, capital return decisions due March 14). Management teams are likely to be conservative in their requests from the Fed as "taking a mulligan" - i.e., resubmitting a plan after being shot down - is not seen as a viable option. 6 Comments [Financials]
Tuesday, February 19, 11:42 AM The technicians call it resistance and the financial sector (XLF, KRE) is up against it in a big way, says BAML (h/t John Melloy). Comment! [Financials]
Friday, February 15, 9:32 AM New FASB proposals could give banks more room to value certain assets on their books with models, rather than market values. The proposals would also eliminate the perverse DVA adjustment, in which banks record a profit as their credit situation worsens (and a loss as it improves). Stakeholder comments are due by May 15. Comment! [Financials]
Wednesday, February 13, 7:45 AM Are more gains in store for the banks after the President last night gave a push to the stalled Menendez-Boxer bill which would streamline the refinancing process for Fannie and Freddie borrowers? BAC +0.9%, C +0.3%, JPM +0.5% premarket (no trades for WFC). 6 Comments [Financials]
Monday, February 11, 9:07 AM One of the most common mistakes investors make is going with the known rather than the best ETFs, says Matt Hougan, speaking at Index Universe's Inside ETFs conference. One example is using FXI for China exposure (discussed here, try CAF instead). Another: Buying XLF for financials avoids small caps. Look to IYF for broader exposure. 5 Comments [Global & FX, Quick Ideas]
Thursday, January 17, 1:45 PM As Bank of America (BAC -5%) and Citigroup (C -3.2%) swoon following earnings, regionals reporting today fly higher: PNC +3.7%, FITB +4%, BBT +2.2%. Were their results that much better? Maybe. More likely it's a rotation out of the high-flying TBTFs into the more modestly valued regionals. The regional bank ETF (KRE) gains 1.3% vs. the XLF flat. 1 Comment [Financials]

KBWB PowerShares KBW Bank Portfolio ETF

KBWB

PowerShares KBW Bank Portfolio ETF