Bank ETFs Fall After Citigroup, Wells Fargo Earnings
October 17, 2011 at 10:34 AM EDT
An exchange traded fund indexed to U.S. banks was down over 2% on Monday following mixed quarterly earnings from bellwethers Citigroup (NYSE: C) and Wells Fargo (NYSE: WFC). The $951 million SPDR KBW Bank ETF (NYSEArca: KBE) fell 2.3% at last check. Wells Fargo shares slipped almost 6% after the...
