ETF investors can ride or hedge against banking sector volatility through financial sector funds like XLF and KBE, which hold top banks like JPM and BofA.
Big banks crushed Q2 earnings estimates, but stocks slipped as investors focused on weaker guidance. Citigroup hit record highs, while Wells Fargo and BlackRock tumbled.Chiedi a ChatGPT
Citi’s net income jumped to $4 billion in the second quarter, compared to $3.2 billion in the year-ago quarter, which the management said was driven by higher revenues.
Former U.K. Prime Minister Rishi Sunak’s appointment at Goldman Sachs at Senior Adviser marks his return to Wall Street more than two decades after leaving.
