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The Gettin’ is Good at the Bank Buffet

The wind is back in the sails of bank stock-tracking exchange-traded funds. The Federal Reserve's 2017 Comprehensive Capital Analysis and Review or CCAR results are a big positive, as are slightly higher bond yields.

The Financial Select Sector SPDR (XLF) has gained 1.18% so far Monday, while the SPDR S&P Bank ETF (KBE) has risen 1.13%. More selective ETF strategies are lagging the broad ones. First Trust Nasdaq Bank (FTXO), which tracks a factor-weighted index that holds the 40 most liquid bank stocks from the Nasdaq based on volatility, value and growth, has climbed 0.86%. And active ETF Davis Select Financial (DFNL) has declined 0.32%.

That said, yield-hungry investors might have better luck being more selective than plowing money into a broad bank-stock...


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