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CNBC's Leslie Picker with Janney's Chris Marinac, join 'The Exchange' to discuss Big Bank earnings and the companies CEOs statements on tariffs, recession concerns and more.
Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk quarterly banking results.
Loan growth is expected to plunge this year as unclear trade policies will hurt commercial loan growth. Soft data is signaling a recession, which will dampen the demand for loans. Provisions expenses for expected loan losses will likely spike as banks shore up reserves in preparation for a potential economic downturn.
Regional banks that were looking to grow after dealing with the banking crisis that began in the spring of 2023 are reportedly now being challenged by the economic uncertainty driven by the new U.S. tariffs. The KBW Regional Banking Index has dipped 13% since the tariffs were announced April 2, Bloomberg reported Monday (April 7).
The SPDR S&P Regional Banking ETF (KRE) was launched on 06/19/2006, and is a passively managed exchange traded fund designed to offer broad exposure to the Financials - Regional Banks segment of the equity market.
The SPDR S&P Regional Banking ETF (KRE) made its debut on 06/19/2006, and is a smart beta exchange traded fund that provides broad exposure to the Financials ETFs category of the market.
Despite my initial concerns, KRE ETF rose 24%, driven by strong earnings growth in regional banks. The U.S. economy's neutral rate has risen to the 2.8%–3.6% range—a resilience that the banking sector appreciates. The steepening of the yield curve could support NIM and reduce the burden of NPLs, although they remain relatively high.
President Donald Trump, in a video address to the World Economic Forum in Davos, Switzerland, supported lower interest rates.
Looking for broad exposure to the Financials - Regional Banks segment of the equity market? You should consider the SPDR S&P Regional Banking ETF (KRE), a passively managed exchange traded fund launched on 06/19/2006.
Billionaire Stanley Druckenmiller has a track record that few, if any, investing legends can match. He has never had a year in the red, and he generated average annual returns of 30% over a 30-year period in his career.