Banks Bolt Higher on News of Rescue Plan
News that the US government is putting together a comprehensive rescue plan caused the Dow Jones US Bank Index to climb over 30% last Thursday and the index held the gains on Friday.
KBE
Banks Show Signs of Life
Better than expected earnings from JP Morgan and Wells Fargo lead to strong stock price performance and a bounce back for State Street’s KBW Bank ETF (KBE).
ETF ACADEMY: Checking for Overlap
When evaluating ETFs for your portfolio, one of things you should check is if the fund is holding stocks that you already have exposure to through other ETFs. The pros call holding the same security across multiple funds overlap.