Click here to read the original article on ETFdb.com.
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Tuesday’s ETF To Watch: KBW Bank Portfolio (KBWB)
January 17, 2012 at 04:00 AM EST
With U.S. markets taking a holiday on Martin Luther King Jr. day, today will mark the first reaction to Friday’s downgrade. After market close on Friday, Standard and Poor’s downgraded the debts of nine European countries, including the AAA-rated France and Austria. Friday’s market were already down on the news that France took a hit, but the remaining eight downgrades were not announced until trading had ceased. That makes today a key moment for markets as many investors may potentially be selling out due to the bad news. On top of all of this, Tuesday will mark a major day in earnings season, as two big banks are set to release their most recent quarter’s figures [see also Iran Tensions And Crude Oil: What It Means For Your Portfolio]. First up is Citigroup who is predicted to rake in an EPS of $0.49 with revenues topping $18.5 billion. Though Citigroup [...] Click here to read the original article on ETFdb.com. Related Posts: November ETF Roundup: Launches, Filings, and Closures ETF Insider: It’s All Greek To Me PowerShares Rolls Out Four KBW Financial ETFs
With U.S. markets taking a holiday on Martin Luther King Jr. day, today will mark the first reaction to Friday’s downgrade. After market close on Friday, Standard and Poor’s downgraded the debts of nine European countries, including the AAA-rated France and Austria. Friday’s market were already down on the news that France took a hit, but the remaining eight downgrades were not announced until trading had ceased. That makes today a key moment for markets as many investors may potentially be selling out due to the bad news. On top of all of this, Tuesday will mark a major day in earnings season, as two big banks are set to release their most recent quarter’s figures [see also Iran Tensions And Crude Oil: What It Means For Your Portfolio]. First up is Citigroup who is predicted to rake in an EPS of $0.49 with revenues topping $18.5 billion. Though Citigroup [...]
