Financial ETFs Could Bank on Rising Profits
August 12, 2014 at 09:00 AM EDT
Financial stocks and related exchange traded funds have lagged behind the broader markets, but with profits surging to near-record levels, the sector could be turning around. Year-to-date, the Financial Select Sector SPDR (NYSEArca: XLF), the largest U.S. financial sector ETF, has gained 3.2%,...