Berkshire Hathaway Inc. - Ordinary Shares - Class B

JPMorgan Chase & Co

Visa

Mastercard

Bank of America

Wells Fargo

Goldman Sachs

Morgan Stanley

S&P Global

American Express

Financial Select Sector SPDR Fund

XLF tracks an index of S&P 500 financial stocks, weighted by market cap.

Citigroup

SPDR S&P Regional Banking ETF

Bank stocks moved mostly lower in mixed trading on Wednesday after the U.S. Federal Reserve left interest rates unchanged as expected, but stressed that another 50 basis points of rate hikes are on the table this year. JPMorgan Chase & Co JPM is down 0.5%, lower than is 0.2% drop prior to the Fed's move.

Bank stocks move lower after Fed eyes more rate hikes after June pause

Conditions in the financial industry are in flux. Massive unrealized losses, higher net interest margins, weakening growth prospects, and slightly cheaper valuations are four of the most important industry trends right now. XLF is a financials equity index ETF, and is heavily impacted by these trends.

XLF: 4 Key Financials Trends

Comerica

KeyCorp

PacWest Bancorp

Zions Bancorp

Bank stocks fell Wednesday after the FDIC chairman said in a quarterly report that "downside risks" remain for the banking industry.

Bank Stocks Tumble As FDIC Warns Of 'Downside Risks.' Full Fallout From March Panic Unclear.

The Federal Deposit Insurance Corp.'s quarterly banking profile report provided no lift to bank stocks, which fell sharply on Wednesday. FDIC Chairman Martin Gruenberg said banks “face significant downside risks from the effects of inflation, rising market interest rates, slower economic growth, and geopolitical uncertainty.

Bank stocks drop as FDIC flags challenges and strengths in quarterly report

PNC Financial Services

Charles Schwab

Tradeweb Markets

Big U.S. banks face a challenging environment for office-space loans but the situation is expected to remain manageable for lenders over time, Citi analyst Keith Horowitz said Monday in a summary of a recent industry event hosted by the bank.

U.S. banks mull office-space loan exposure at Citi event and prepare for a slow boil

Financial stocks have slid this year, but not to the extent many would expect due to growing headwinds. The financials sector ETF XLF carries significant exposure to banks and related companies with large unrealized securities losses. Unrealized bond losses may grow as Treasury rates rise higher amid an acceleration in Treasury bond sales - following the debt ceiling increase.

XLF: There Is No 'Fear' Discount In Financials Today

iShares U.S. Real Estate ETF

SPDR S&P Bank ETF

United States Natural Gas Fund LP

Vanguard Real Estate ETF

Energy Select Sector SPDR Fund

Real Estate Select Sector SPDR Fund

Banks are tightening lending practices, which has historically been predictive of recessions. Commercial real estate loans are coming due, with many properties being valued below the amount owed, potentially causing issues for banks.

Bank Tightening, Commercial Real Estate And Natural Gas Demand

Amazon

SPDR Gold Trust

Alphabet

Microsoft

Invesco S&P 500 Equal Weight ETF

Utilities Select Sector SPDR Fund

As negotiations on raising the U.S. government's $31.4 trillion debt ceiling approach the deadline, financial institutions on Wall Street are gearing up for the potential consequences of a default. Given that U.S. Government bonds serve as a foundation for the global financial system, accurately predicting the extent of the damage that could be caused by default is challenging.

How Markets and ETFs Are Bracing for Debt Ceiling Crisis

BofA Securities reiterated its buy rating on JPMorgan Chase & Co. ahead of the megabank's investor day on Monday, calling the bank an outperformer in a tough year for the sector.

JPMorgan investor day should ‘reinforce the resiliency' of the megabank: analyst

iShares Russell 2000 ETF

SPDR Bloomberg High Yield Bond ETF

iShares iBoxx $ Investment Grade Corporate Bond ETF

SPDR S&P 500 ETF Trust

iShares 20+ Year Treasury Bond ETF

BondBloxx Bloomberg One Year Target Duration US Treasury ETF

During Refinitiv Lipper's fund flows week that ended May 10, 2023, investors were overall net purchasers of fund assets for the third straight week, adding a net of $13.4 billion. Exchange-traded equity funds recorded $2.6 billion in weekly net inflows, marking the fourth weekly intake in five.

U.S. Weekly Fund Flows Insight Report: Regional Banking Worries Lead To Sector Financial/Banking Funds Logging Largest Weekly Outflow Of 2023

The turmoil in the banking area attracts attention to the financial sector.

Do Not Buy The Financial Sector Yet

Though banning short selling has appeal to politicians who want to show that they're doing something, it in fact is the functional equivalent of blaming the messenger for bearing bad news. The core problem that the financial system currently faces is balance-sheet weakness at regional banks, and banning short selling of their stocks does nothing to solve that weakness.

Banning short selling of regional bank stocks won't solve their problems

Invesco Dynamic Leisure and Entertainment ETF

Health Care Select Sector SPDR Fund

SPDR S&P Metals & Mining ETF

Discover four sector ETFs to capitalize on the recent positive April jobs report.

4 Sector ETFs to Benefit from Strong April Jobs Data

iShares North American Tech-Software ETF

SPDR Portfolio S&P 500 High Dividend ETF

SPDR Portfolio S&P 500 Value ETF

Consumer Discretionary Select Sector SPDR Fund

These Strong-Buy ETFs could emerge as great bets in the month of May and thereafter.

Don't Sell in May, Consider 5 Strong Buy ETFs Instead

ARK Space Exploration & Innovation ETF

iShares U.S. Aerospace & Defense ETF

iShares U.S. Industrials ETF

Procure Space ETF

Communication Services Select Sector SPDR Fund

Industrial Select Sector SPDR Fund

While I've recently discussed what is driving outperformance in the consumer discretionary sector and the communications sector, the industrial sector has recently looked more interesting.

Industrial ETFs: From the Ground to Space

iShares Core S&P 500 ETF

Vanguard S&P 500 ETF

Consumer Staples Select Sector SPDR Fund

Overall, ETFs pulled in $2.4 billion in capital for the week (ending Apr 21).

5 ETFs That Gathered Maximum Capital Last Week

iShares U.S. Regional Banks ETF

Invesco KBW Bank ETF

Hello! This week's ETF Wrap shines the light on banking ETFs after March's brutal selloff and as banks deliver their first-quarter earnings.

Bank ETFs rise as earnings roll out – but investors aren't piling in with cash

FNCL: A Mini XLF With Similar Momentum

VanEck Vectors Gold Miners ETF

Invesco QQQ

iShares MSCI South Korea ETF

SPDR S&P Retail ETF

Many investors brush off unusual options activity, but others like to “follow the flow.

Unusual Options Flow in KRE, QQQ, GDX and 3 Other ETFs

iShares U.S. Broker-Dealers & Securities Exchanges ETF

iShares U.S. Financials ETF

iShares US Financial Services ETF

Vanguard Financials ETF

Big banks will start releasing their quarterly numbers this week. The outlook is moderate this time.

How Are Bank ETFs Shaped Before Q1 Earnings?

Materials Select Sector SPDR Fund

Technology Select Sector SPDR Fund

Companies within the S&P 500 are expected to report the weakest earnings growth in nearly three years.

Consumer, Industrials, Energy ETFs in Focus as Earnings Season Kicks Off

Weeks after a banking crisis pummeled financial stocks, some options strategists say the heightened pessimism in the sector presents an attractive opportunity to position for a rebound ahead of earnings season.

Analysis: Gloomy U.S. bank sector could yield payoff for contrarian options bets

While bank stocks may recover slightly after lagging the broad market in 2023, first-quarter earnings updates from big banks may not provide much additional lift as big clouds hang over the sector, JPMorgan analysts said Monday.

Loan growth, lower margins cloud the skies over big banks: analyst

Essentially, the level of “put” buying throughout the entire financial industry, including the Financial Select Sector SPDR Fund ETF, XLF, is far too high. There's normally around 60,000 "puts" purchased daily in the financial sector. The latest number of 162,777 is 170% above normal.

XLF: Option Activity In The Financial Sector Says 'Buy'

When most people think of the Financial sector they think of banks. However, banks are only one segment of “financials”. As you will see, the Financial Select Sector SPDR Fund ETF casts a much wider net, encompassing insurers, credit card firms and much more.

News for Financial Select Sector SPDR Fund ETF (XLF)