Uptick in Rates is a Boon for Bank ETFs
May 07, 2015 at 11:00 AM EDT
As benchmark rates move higher, the outlook for the banking stocks and sector-related exchange traded funds looks more promising. The SPDR S&P Bank ETF (NYSEArca: KBE) climbed 6.0% over the past three months and touched a 13-month high this week. The strong earnings season has helped lift the...