Is the Bank ETF Sell-Off a Cause for Concern?
January 26, 2012 at 17:43 PM EST
The financial sector has been a top-performing sector in 2012 after last year’s debacle, but an unexpected drop in new U.S. home sales prompted a round of profit taking in bank stocks and related exchange traded funds. SPDR S&P Bank ETF (NYSEArca: KBE) was down 2.5% Thursday and is...