KBWR

Legendary investor, fund manager and PIMCO co-founder Bill Gross sees extraordinary long-term value in regional banks. In a tweet posted on Oct. 30, Gross said he sees regional bank stocks as a “falling knife” that “hasn't hit ground yet“. Back in April, the Bond King had bought four beaten-down regional bank stocks trading at 60% to book value: Western Alliance Bancorp. (NYSE:WAL) Synovus Financial Corp. (NYSE:SNV) PacWest Bancorp (NYSE:PACW) SPDR S&P Regional Banking ETF (NYSE:KRE) Gross sold off 80% of that holding in July making “mucho bucks” on them. The billionaire has again indicated an appetite for regional banks, saying he would be “waiting just a little bi

On the second day of Congressional testimony by Fed Chair Jerome Powell, the market indexes showed mixed signals, but key interest rate-sensitive sectors responded negatively. Powell’s comments before the Senate Banking Committee foreshadowing a possible new hike of 0.5% later this month didn't sit well with investors, who were pricing in a 0.25% increase, expecting the Fed would repeat the same rate increase made in early February. Reich Against 0.5% Hike In March: Robert Reich, former labor secretary under Bill Clinton, said that raising interest rates higher than expected would be a big mistake. "It completely puts the burden of inflation on lower-wage workers and the poor," the

Minutes from the latest FOMC meeting will be released on Wednesday, opening a window into the conversation that led Fed officials to decide on a 0.25% hike on the federal funds rate earlier this month. The Federal Open Market Committee is the body in charge of deciding the federal funds rate, which has a direct impact on interest rates and is the Fed's main tool for correcting the course of inflation. In their last meeting, the FOMC's twelve members decided to dial down the rate of hikes for the second time in a row, to 0.25% after a previous hike of 0.5% which was preceded by four consecutive hikes of 0.75%. The current rate stands between 4.5% and 4.75%. While investors are hoping

CNBC Analysts See Consumer Electronics Get Costlier As Major Chipmakers TSMC, Samsung, Intel Boost Prices Analysts suggested that products relying on semiconductors will likely get more costly as chip foundries prepare to increase their prices, CNBC reports. Global semiconductor lead at Accenture Plc (NYSE:ACN) saw the magnitude of any price increases depending upon the share of semiconductor cost in the overall product cost, the ability of manufacturers to cut costs in other areas, and the competitive landscape of each product category. Products using more advanced chips like GPUs (graphics processing units) and high-end CPUs (central processing units) are likely to go up in price,

Wall Street bankers are urging the U.S. government to postpone the debut of a digital dollar, arguing that a virtual currency backed by the Federal Reserve will drain hundreds of billions of dollars from the banking system, reported Bloomberg. What happened: According to the American Bankers Association and the Bank Policy Institute, an American central bank digital currency, or CBDC, would be a direct rival to private bank deposits, making credit less available to businesses and households.  "As we have evaluated the likely impacts of issuing a CBDC it has become clear that the purported benefits of a CBDC are uncertain and unlikely to be realized, while the costs are real and acute," the

NEW YORK, Sept. 10, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the third quarter of 2021. This quarter, there are constituent changes within two of our indexes: the KBW Nasdaq Bank Index (TICKER:BKX, NASDAQ:KBWB) and the KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR). These changes will be effective prior to the opening of business on Monday, September 20, 2021. As part of this rebalancing, below are the component level changes across impacted indices:   KBW Nasdaq Ban

NEW YORK, June 11, 2021 (GLOBE NEWSWIRE) -- Keefe, Bruyette & Woods, Inc., a leading specialist investment bank to the financial services and fintech sectors, and a wholly owned subsidiary of Stifel Financial Corp. (NYSE:SF), announces the upcoming index rebalancing for the second quarter of 2021. This quarter, there are constituent changes within two of our indexes: the KBW Nasdaq Financial Technology Index (TICKER:KFTX, NASDAQ:FTEK) and the KBW Nasdaq Regional Banking Index (TICKER:KRX, NASDAQ:KBWR). These  changes  will  be  effective  prior  to  the  opening  of  business  on  Monday, June 21, 2021. As part of this rebalancing, below are the component level changes across vari