Seeking Alpha

XLF
Financial Select Sector SPDR ETF

5/26/2012, 1:01 PM ET
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XLF Market Currents more »
  • Friday 9:05 AM With a record of poor shareholder returns, why do the TBTF banks (JPM, C, BAC) even exist, writes Sheila Bair. Capital markets certainly wouldn't finance such "unstable behemoths" if it weren't for their de facto government backstop. Jamie Dimon can provide a better return to shareholders by recognizing his bank is worth more in smaller pieces. [Financials]
  • Thursday 11:50 AM Bank Q1 net profit rose 23% to $35.3B - the highest since Q2 2007 - as revenue rose 3.1% to $169.6B, the FDIC says in is quarterly report. However, loan balances fell $56.3B (0.8%) after three consecutive quarterly increases. Lower provisions for bad loans were a factor in the profit improvement. (PR) [Financials]
  • Tuesday 12:22 PM Despite some individual names being taken out and shot, the consumer discretionary sector (XLY) continues a near year-long trend of outperforming the S&P, notes Bespoke. The weakest sectors - energy (XLE), industrials (XLI), materials (XLB) - suggest maybe slowing in China is driving macro more than events in Europe.
  • Monday 8:10 AM JMP Securities cuts the TBTF banks due to the European crisis, with analyst David Trone's base case scenario (60% chance) seeing a Greek exit, but no contagion. He sees just a 10% chance Greece stays in the EMU. That leaves 30% for exit, but with contagion. [Financials]
ETF Stats
  • Expense Ratio: 0.18%
  • Average Bid Ask Ratio: 0.07%
  • Tracking Error: 0.16%
  • Concentration Risk: 16.52%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 81
  • Dividend Amount: $0.080440
  • Dividend Date: 12/16/2011
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XLF Press Releases and Filings more »
Currently, there are no press releases or filings on XLF.
XLF Instablog posts more »
  • I Sold Everything Today And I’m Now 100% Cash. The Reasons For This....
    Tue, May 22 Garfield23 2 Comments
  • The T Report: Attack Of The Killer E's, Ease, And Eeze
    Tue, May 22 Peter Tchir Comment!
  • More Two Way Market Action
    Wed, May 9 David Fry Comment!
  • TWO WAY TUESDAY MARKET ACTION
    Tue, May 8 David Fry 1 Comment
  • BULLS TRY TO STEM LOSSES
    Mon, May 7 David Fry Comment!
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XLF Description
The Financial Select Sector SPDR® Fund, before expenses, seeks to closely match the returns and characteristics of the Financial Select Sector Index. Our approach is designed to provide portfolios with low portfolio turnover, accurate tracking, and lower costs.
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Sector: Financial
Country: United States
Key Info