Bank ETFs Could be Plagued by Downgrades
December 13, 2018 at 10:43 AM EST
The SPDR S&P Bank ETF (NYSEArca: KBE) and rival exchange traded funds focusing on bank stocks are disappointing investors this year even as the Federal Reserve has boosted interest rates three times. KBE entered Wednesday with a year-to-date decline of almost 16%. Analysts see more downside and...