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Will Wednesday's Fed Minutes Spark A Sell-Off?Chris Ciovacco • Tue, May 21
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Friday's ETF Chart To Watch: Financial Select Sector SPDR (XLF)Stoyan Bojinov • Fri, Jul 13, 2012
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Bank Of America Leads Financial ETFs HigherTom Lydon • Wed, Mar 21, 2012
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Why The Financial ETF XLF Has Outperformed The BanksHenry Swann • Wed, Feb 15, 2012
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Financial ETF Down 2% As BAC Again Tests $5John Spence • Mon, Dec 19, 2011
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Will Wednesday's Fed Minutes Spark A Sell-Off?Chris Ciovacco • Tue, May 21
There are no Transcripts on XLF.
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at MarketWatch.com (Thu, 11:07AM)
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at MarketWatch.com (Wed, 10:38AM)
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at MarketWatch.com (Mon, 10:42AM)
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at MarketWatch.com (May 14, 2013)
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at CNBC.com (May 13, 2013)
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at CNBC.com (May 10, 2013)
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at MarketWatch.com (May 3, 2013)
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at MarketWatch.com (May 1, 2013)
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at MarketWatch.com (Apr 30, 2013)
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at MarketWatch.com (Apr 29, 2013)
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at CNBC.com (Apr 26, 2013)
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at MarketWatch.com (Apr 23, 2013)
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at CNBC.com (Apr 22, 2013)
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at CNBC.com (Apr 22, 2013)
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at CNBC.com (Apr 16, 2013)
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at CNBC.com (Apr 10, 2013)
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at MarketWatch.com (Apr 10, 2013)
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at MarketWatch.com (Apr 9, 2013)
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at MarketWatch.com (Apr 8, 2013)
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at CNBC.com (Apr 5, 2013)
XLF vs. ETF Alternatives
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.
See more details on sponsor's website
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
- 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]
- Wednesday, February 27, 8:08 AM Those believing in strong economic recovery may have interest in Ken Heebner's CGM Focus Fund. Heebner was short $300M in Treasurys (21% of fund) at year's end, up from $190M at the end of Q3, and $80M at the end of June. Most of the rest of the fund is divided between the banks and homebuilders. TLT -2.1%, XLF +5.9%, XHB +4.4%, S&P 500 +5.3% YTD. Comment! [Financials]
- Friday, February 22, 2:34 PM Fat mortgage profits drove earnings at financials last quarter, but maybe not this one. Compass Point estimates gain-on-sale margins - the amount lenders make packaging and selling mortgages - could be down 40% in Q1. It's not just the big banks getting hurt. Profits at originators like FBC, NSM, PMT, EVER, and PHH could be most damaged, says Compass Point. Comment! [Financials]
- Thursday, February 21, 10:52 AM Strong performance in the financial sector (XLF) since last summer has been almost completely concentrated in the big caps, says Bespoke, but small and mid-cap financials have begun to show relative life over the past couple of weeks. Another strong sector - materials (XLB) - has been led by the smaller stocks, but everything has fallen off a cliff recently. Comment!
- Wednesday, February 20, 7:07 AM The average-loan-to-deposit ratio at the 8 largest U.S. banks fell to 84% in Q4 from 87% a year earlier and 101% in 2007, according to Credit Suisse. At just 61%, JPMorgan (JPM) had the lowest ratio (now we know why the London Whale was so busy; who's putting that money to work now?). "Bankers out there are drowning in liquidity," says the ABA VP. "We're dying to make loans." 1 Comment [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, 1:10 PM While thinking about the XLF brings to mind the big banks, Berkshire Hathaway (BRK.B) has climbed to become the ETFs 2nd-largest holding at 8.32%, just behind JPMorgan at 8.6%. Berkshire also ranks 2nd in the global financial ETF (IXG) - which allocates 3.29% of the fund to the stock, just behind HSBC. 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]
- Friday, February 15, 7:38 AM "The Goldilocks era of post-crisis M&A has never been an if, but a when," says JPMorgan (JPM) vice-chair James Lee. "CEOs are declaring that day has come." Including the Berkshire buy, $40B in deals were announced yesterday and $140B this month. Transaction volume is up 27% Y/Y vs. an 8% slump for 2012. It should mean sweet profits for the newly lean banks. 8 Comments [Financials, M&A]
- Wednesday, February 13, 3:08 PM Deep-value investor Richard Pzena (PZN) remains bullish on the big banks, calling their improved situation nowhere near reflected in their share prices. Big-cap tech is also a favorite as it's now investor habit to price these top-quality, cash-flow heavy businesses at a discount to the market. He notes finance and tech makes up 55% of his portfolio vs. 32% for managers identifying themselves as large-cap value. 1 Comment [Financials, Quick Ideas, Tech]
- 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]
- Tuesday, February 12, 3:00 PM New CFPB rules aimed at protecting consumers and investors from themselves as well as bankers could over time eliminate half of the country's mortgage market, suggests CoreLogic's Sam Khater. The good news: Any loans that can actually get made will have virtually no risk. 2 Comments [U.S. Economy, 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]
- Tuesday, February 5, 12:11 PM Bank of America (BAC +2.9%) and Citigroup (C +1.8%) both have 30% upside this year, says Guggenheim's Marty Mosby, with big dividend hikes - BofA to $0.05 quarterly from $0.01, Citi to $0.25 - a major catalyst. Oppenheimer urges caution on capital returns. "The banks (will) get let out of the penalty box only very slowly." 9 Comments [Financials]
- Tuesday, January 29, 12:00 PM Now with Rafferty Capital Markets after Rochdale Securities blew up last year, Dick Bove remains bullish on the banks, seeing 30% upside in BAC, C, and JPM over the next 12 months. Bove says he's making a contrarian call, but needs to be reminded it's not 2011 anymore. Nobody doubts the survival of the big names and most of his favorites have posted big gains of late. 1 Comment [Financials]
- Monday, January 28, 11:00 AM Bank debt is back with lenders' paper set to overtake that of industrial companies as the safest in the U.S. corporate bond market for the first time since the financial crisis. Investors are currently demanding just 16 bps more premium over a benchmark from banks, compared to 365 bps 4 years ago. Comment! [Financials]
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Daniel Nadler
American Express historically averages a loss of 3.70% in the week following its earnings: http://stks.co/bQfw $AXP $SPY $XLF - View all 0 replies
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Daniel Nadler
Bank of America historically averages a loss of 5.68% in the week following its earnings: http://stks.co/aQnz $BAC $SPY $XLF - View all 0 replies
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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
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x oil -field
Kerry to Press China to Crack Down on ''little mad puppy'' Kim II so-called leader of North Korea Regime. http://bloom.bg/12SjsCK $XLF - View all 1 replies
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Philip Davis
Bravo Elizabeth Warren - Finally an honest woman who can take the Banksters to task! $$ $XLF #Banksters - http://tinyurl.com/cjdbr3q - View all 3 replies
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Philip Davis
Friday Facts Find Futures Falling -$$ $XLF $WFC $JPM $DBA $BRK.A $USO $IWM #stocks - http://fb.me/1sLaPvWqF - View all 0 replies
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x oil -field
TBTJAIL Poster-child.He Makes BIG O'' SEC CFTC FED Look Weak ` Clueless. http://bit.ly/16QtCCq too sexy http://bit.ly/YrFFVP CNNMONEY $XLF - View all 4 replies
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x oil -field: Bloomberg tv: 'Fat Cats' Top Bank CEOs Meet Obama Ahead of Massive Earnings.Jamie D.TBTJAIL $JPM http://bloom.bg/YoNNq6 http://bit.ly/YrFFVP -
x oil -field: Jamie Dimon Needs A Boss May 21 2013, 09:35 by: Felix Salmon $JPM ''The Sun God'' http://bit.ly/1190yjT
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x oil -field
U.S. Stock Futures Advance as Unemployment Claims Decline. Bloomberg $XLF http://bloom.bg/ZjbR9A faux money $GLD bitcoin down. - View all 0 replies
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x oil -field
U.S. Stock Futures Advance as Unemployment Claims Decline. Bloomberg $XLF http://bloom.bg/ZjbR9A - View all 0 replies
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x oil -field
NEW YORK-Fed has seen enough progress in reducing unemployment to start shrinking size of its bond-buying program,CB veteran said.-DJ $XLF - View all 2 replies
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x oil -field: My only question is,how will the $GLD bug-huggers spin this news along with the fact Cyprus selling $GLOD at the same time into the market.
LATEST REPLIES
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x oil -field
The president has made clear that he is willing to compromise and do tough things to reduce the deficits. http://nyti.ms/13WPFJW $XLF NYT - View all 11 replies
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x oil -field: I'm here @SA to make money not ''war and politics'' with anyone,again good luck at close. smile X -
x oil -field: @PC I agree with your thoughts as well,''buy more tunnel'' I must be honest, had to read your comment X2 before I understood. laughing here!
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x oil -field
''The Fed will remain fully accommodative through end of year." $XLF http://bloom.bg/10EiFyB Bloomberg - View all 1 replies
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x oil -field: Jobless Rate Falls: The size of the labor force pushed jobless rate down to a *four-year low. Bloomberg
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x oil -field
ECRI's 'Recession' Indicator: Unchanged From Last Week. $GLD http://seekingalpha.com/a/s35p $XLF by:SA Doug Short - View all 7 replies
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x oil -field: $GOLD 1,548.ish http://bit.ly/nXGqkT @MI *Reports Zombie's in the Str. http://bit.ly/Whn92u you still have time to buy $GLD papier-mâché.
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x oil -field
The earth,wind,fire.Time can be getting short for some of use,one never knows when it will come, 4 weeks 4 months or 4 years. $XLF=TAG=FIND - View all 1 replies
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x oil -field: Soaring U.S. energy supplies throwing cold water on crude price,leaving it out of the rally in risk-sensitive assets. http://bit.ly/16Afpti
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x oil -field
Soaring U.S. energy supplies throwing cold water on crude price,leaving it out of rally in risk-sensitive assets. http://bit.ly/16Afpti $XLF - View all 3 replies
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REIT: with a press of a button and not based on demand or weather like many think -
REIT: so its required for now to have lower prices to support the rally
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x oil -field
U.S. Dollar Indian Rupee USD INR *S High R.s.(55.00) [U.S.Dollar vs. Indian Rupee] C- *Spot R.s (55|00) http://bit.ly/nXGqkT $INR $XLF - View all 2 replies
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x oil -field: Bloomberg: $OIL China Manufacturing Gauges Show Weaker Expansion. http://bloom.bg/YESuZd Is now the time to buy faux insurance? $GLD
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x oil -field
Bloomberg: Cypriot Lawmaker Sees No Need to Close Accounts. http://bloom.bg/10gJA3b $XLF - View all 5 replies
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x oil -field: .. would [read] play-out on the grand global community screen. -
x oil -field: Merkel played ''the villain'' other movie extras helped put on the show,now we investor-gamblers can move to next Mfg.drama BTD opportunity.
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realornot: Expect the whales are going take money and run. Rather take their losses.
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x oil -field
BRASILIA-China will carry bulk of contingency fund to be created by developing countries known as BRICS,official told Dow Jones. $XLF $UUP - View all 2 replies
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x oil -field: MarketWatch: China to carry bulk of BRICS contingency Fund. http://on.mktw.net/10chaaH -
x oil -field: Bloomberg: BRICS Nations Need More Time for New Bank, Russia Says. $XLF http://bloom.bg/11Ly3PZ
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x oil -field
Where Is Europe Going? Is This The German Plan? by:John M. Mason. $FXE http://bit.ly/11HftbI http://bit.ly/ZQvRT4 $XLF - View all 1 replies
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x oil -field: EUR/USD C-(1.27|64) http://bit.ly/nXGqkT http://bit.ly/X8QSGf investing.com $XLF L-(1.27|64) (€) http://bit.ly/ZQvRT4 Trending Lower
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x oil -field
Bank of Cyprus Uninsured Deposit Holders Face 40% Haircut-Central Banker. Dow Jones Newswires $XLF - View all 3 replies
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x oil -field: Cypriot property valuers suspend work as price falls loom. $EUO http://bit.ly/ZQvRT4 http://bit.ly/ZrvYEN ekathimerini -
realornot: they want to set up good and bad bank. Really, they are all bad banks!
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x oil -field
UPDATE: India to Miss Stake-Sale Revenue Target. $INR 1/31/2013 9:32 AM (14:32 GMT) Dow Jones Newswires $XLF - View all 3 replies
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x oil -field: RBI hikes provisioning requirement for restructured loan to 5 per cent Press Trust of India.Feb.01, tic tic tic $INR http://bit.ly/11nw43v -
x oil -field: Reuters: Breakingviews: RBI rate cuts won't revive India's stalled growth. $INR $XLF http://reut.rs/XUmEpg
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x oil -field
U.S. industrial production rebounded during February and sent a closely watched barometer of the economy back into positive territory. $XLF - View all 2 replies
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x oil -field: Chicago Fed's National Activity Index Rebounds in February. Dow Jones Newswires -
x oil -field: The bank's latest Midwest Manufacturing Index, also released Monday, rose by +0.1% in January to 97.0 seasonally adjusted.
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Philip Davis
Cyprus Status, Thoughts on Income Inequality in America and Our Energy Situation: $$ $USO $XLF -- http://bit.ly/WW1YCg - View all 2 replies
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Hypnos7: A lot of unskilled/semi-skilled work has been shipped overseas (e.g., China), but a growing chunk is being replaced by automation. -
Hypnos7: In less than 50 years, unless you're a knowledge worker, you won't have a job
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x oil -field: Cyprus Deposits under EUR100,000 Would Be *Exempt from Levy - Sources Dow Jones Newswires Last update: 3/22/2013 6:29 AM