Wells Fargo Downgrade, Regions Weigh on Bank ETFs
June 06, 2011 at 12:30 PM EDT
An analyst downgrade of Wells Fargo (NYSE: WFC) and a pullback in Regions Financial (NYSE: RF) shares combined with economic jitters to drag down bank exchange traded funds on Monday. SPDR KBW Bank ETF (NYSEArca: KBE) was down nearly 1%. The fund has 6.6% in Wells Fargo and 4.3% in Regions,...
