Inside a Fast-Growing Bank ETF
October 20, 2014 at 09:30 AM EDT
Last week brought an avalanche of earnings reports from the largest U.S. banks and investors apparently did not like what they heard as the Financial Select Sector SPDR (NYSEArca: XLF) slipped 1.5%. Investors’ tepid reaction to big bank earnings updates was, in part, due to a fourth consecutive...