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CNBC's Leslie Picker and Gerard Cassidy, RBC Capital Markets Head of U.S. Bank Equity Strategy, join 'Closing Bell Overtime' to talk the recent slate of bank earnings and what they tell us about the sector.
A smart beta exchange traded fund, the SPDR S&P Regional Banking ETF (KRE) debuted on 06/19/2006, and offers broad exposure to the Financials ETFs category of the market.
Starting with the Jeffries Group reporting on January 9th, by Friday we will see Bank of America (BAC), JP Morgan (JPM), Wells Fargo (WFC), and Citigroup (C) as well as a few other banks report earnings.
The first week of the year can often be a slow one for the ETF industry, with few new ETFs or closures to be seen.
Wall Street sizzled in December, with all three major indices touching a series of new highs.
Few industries have been affected by the COVID pandemic and its aftermath like commercial real estate.
The Federal Reserve held its benchmark interest rate steady at a range of 5.25%-5.50% on Dec 13. However, the Fed hinted at three 25-bp rate cuts next year.
The Federal Reserve held its benchmark interest rate steady at a range of 5.25%-5.50% on Dec 13. However, the Fed hinted at three 25-bp rate cuts next year.
Christopher McGratty, KBW head of U.S. bank research, joins 'Closing Bell Overtime' to talk the bank sector and how to invest in the space in 2024.
Raymond James raises dividend to boost yield above 1.7%, sets new $1.5 billion stock buyback program
Shares of Raymond James Financial Inc. RJF, +1.35% tacked on 0.3% in Thursday's after-hours session, after the regional bank raised its quarterly dividend by 7% and set a $1.5 billion stock repurchase program. Shareholders of record on Jan. 2 will receive the new dividend of 45 cents a share, up from 42 cents a share, on Jan. 16.