Are Bank ETFs Finally Turning Around?
August 31, 2011 at 09:18 AM EDT
Financial stocks leading the recent market bounce and Warren Buffett’s $5 billion investment in Bank of America (NYSE: BAC) have triggered talk that bank exchange traded funds have finally hit bottom. SPDR KBW Bank ETF (NYSEArca: KBE) is up 8.5% over the past week, roughly doubling the return...