Friday’s ETF To Watch: Merrill Lynch Regional Bank HOLDR (RKH)

Although equity markets experienced a rough session in Thursday trading, 2011 has seen a pretty solid start for most sectors of the American economy. Over the past few weeks, financials have been among the biggest gainers thanks to moderating fears over the European debt crisis as well as a solid outlook from a variety of important bellwethers in the industry, a trend that has helped to keep spirits high for many who have invested in the beaten down sector. While the news has been good as of late, all that could change later today when crucial banking giant J.P. Morgan (JPM) gives its quarterly earnings report. The New York City-based financial behemoth is scheduled to post earnings of 99 cents per share before the bell today on revenues of $24.48 billion. However, there is a rather large range for analyst estimates ranging from a high of $1.09 a share to 85 [...] Click here to read the original article on ETFdb.com. Related Posts: Three ETFs To Watch This Week: XLF, UUP, VIS Financial ETFs Soar On New Basel Rules Friday’s ETF To Watch: KBE Why The Reform Bill Boosted Financial ETFs Three Sector ETFs With Sky-High Betas