Banking ETF Plays That Avoid the “Megabanks”

There are banks and then there are BANKS. In this case we are talking about the largest “too big to fail” institutions. Financial firms like CitiGroup ( C ), J.P. Morgan ( JPM ) and Bank of America ( BAC ) come to mind. These behemoths represent some of the largest financial firms on the planet, holding billions of dollars worth of assets and with their hands in a variety of banking subsectors, from loans and savings accounts, to hedge funds and trading desks. And while it may seem like a good idea to bet on the megabanks, given their size, there are plenty of reasons why you may not want to. With that in mind, there are ways to bet on the financial sector without holding behemoths like Bank of America or Wells Fargo ( WFC ).