Time to Buy Financial & Bank ETFs?
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Aug 27 2024
0mins
Source: NASDAQ.COM
Financial ETFs Performance: Financial exchange-traded funds (ETFs) have seen a significant rebound this year, with the Financial Select Sector SPDR Fund XLF up 17.7%, driven by improved economic conditions, cooling inflation, and expectations of a Federal Reserve rate cut.
Outlook for Financial Sector: Despite challenges in consumer banking due to inflation and interest rates, major banks reported strong investment-banking revenues, indicating potential recovery in capital markets, while certain financial ETFs are expected to continue their upward trajectory.
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Analyst Views on JPM
Wall Street analysts forecast JPM stock price to rise
19 Analyst Rating
11 Buy
7 Hold
1 Sell
Moderate Buy
Current: 320.720
Low
260.00
Averages
341.38
High
400.00
Current: 320.720
Low
260.00
Averages
341.38
High
400.00
About JPM
JPMorgan Chase & Co. is a financial holding company. The Company is engaged in investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing and asset management. The Company operates through three segments: Consumer & Community Banking (CCB), Commercial & Investment Bank (CIB), and Asset & Wealth Management (AWM). Its CCB segment offers products and services to consumers and small businesses through bank branches, ATMs, digital and telephone banking. Its CIB segment consists of banking and payments and markets and securities services, and offers a suite of investment banking, lending, payments, market-making, financing, custody and securities products and services to a global base of corporate and institutional clients. AWM segment offers investment and wealth management solutions. It offers multi-asset investment management solutions, retirement products and services, brokerage, custody, estate planning, and others.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Increased Political Pressure: As Trump and the Republican Party intensify pressure on Wall Street banks to abandon what they term 'woke' policies, banks are compelled to rethink longstanding lending and account service policies, which may significantly impact their market positioning and customer relationships.
- High Volume of Complaints and Investigations: The OCC has received approximately 100,000 complaints related to service restrictions from 2020 to 2023, indicating a strong public demand for transparency in banking services, and the detailed inquiries by regulators could result in formal sanctions against some banks.
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