Bank ETF Nears Bear Cross as Citigroup, B. of A. Decline
June 15, 2011 at 10:07 AM EDT
The largest exchange traded fund investing in U.S. bank stocks is nearing a bearish technical indicator as key moving averages prepare to cross over. SPDR KBW Bank ETF (NYSEArca: KBE) was down over 1% in Wednesday’s stock pullback as top holdings Citigroup (NYSE: C) and Bank of America (NYSE: BAC)...
