Bank ETFs Strengthen on Passing First Round Stress Tests
March 09, 2015 at 08:00 AM EDT
Banks and sector-related exchange trade funds bucked the bearish momentum Friday after the Federal Reserve revealed all 31 big banks subjected to a stress have passed the first round. On Friday, the iShares U.S. Regional Banks ETF (NYSEArca: IAT) led the charge, advancing 1.1%. Additionally, the...