The T. Rowe Price Financials ETF (TFNS) holds positions in companies expected to drive earnings growth for a sector projected to post 15.1% year-over-year gains in the first quarter, above the 14.6% rate that analysts expected at the start of the quarter, according to a recent FactSet report.
T. Rowe Price Financials ETF (NASDAQ: TFNS - Get Free Report) saw a large growth in short interest in February. As of February 27th, there was short interest totaling 1,251 shares, a growth of 20.3% from the February 12th total of 1,040 shares. Approximately 0.3% of the shares of the stock are sold short. Based on
JPMorgan Chase & Co. (JPM) topped earnings expectations for the fourth quarter on Tuesday but shares fell nearly 4% in midday trading, a split decision that highlights why some active ETF managers have positioned with less exposure to the mega-cap bank than benchmark indexes carry. JPMorgan reported profit of $13.03 billion, or $4.
Earnings season is in full swing and investors are watching closely. For many of those investors, earnings season can be the trigger to make small shifts or even big wholesale changes in portfolios.
In the midst of the second quarter's tariff-driven market upheaval and volatility, banks forged relentlessly ahead, logging another strong earnings season. For those seeking targeted exposure to the financial sector that continues to benefit from ongoing volatility this year, the recently launched T.