FX & CFD trading involves significant risk
Financials have sprinted ahead to a 1.3% gain, which puts the sector at a session high while the broader market has mustered only a modest gain. Insurers Lincoln National (LNC 27.24, +1.90) and MetLife (MET 42.90, +1.73) are primary leaders among financial plays. Not to be outdone, regional banks are broadly positive, such that the SPDR regional bank ETF (KRE 24.68, +0.51) is up more than 2% to test its one-month high. As an aside, banking issue U.S. Bancorp (USB 24.85, +0.48) stated this morning at the Goldman Sachs Financial Service Conference that it will continue to be an acquirer and that dividends and share buybacks will start again very shortly.
All posted material is a marketing communication solely for informational purposes and reliance on this may lead to loss. Past performance is not a reliable indicator of future results. Please read our full disclaimer.