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D.A. Davidson and CO. purchased a new stake in SPDR S&P Regional Banking ETF (NYSEARCA:KRE) in the undefined quarter, according to its most recent filing with the Securities and Exchange Commission. The fund purchased 22,969 shares of the exchange traded fund's stock, valued at approximately $1,496,000. Other large investors have also added
After months in which artificial-intelligence winners dominated investor attention, equity markets are broadening. Crowded trades are losing momentum while investors search for ways to participate in that trend.
The possibility of interest rate hikes appear likely as inflation remains an ongoing concern for the U.S.
Wall Street's biggest banks are proving that even geopolitical uncertainty and volatile markets can be highly profitable when trading desks stay busy and artificial intelligence fuels an unprecedented wave of capital raising. The six largest US banks generated a combined $55 billion in second-quarter profits, comfortably exceeding analysts' expectations as market volatility, record AI-related fundraising and a resurgence in investment banking produced one of the strongest quarters for the financial industry in years.
U.S. regional banks including U.S. Bancorp and PNC Financial relied on a lending rebound and strong fee income to deliver broad second-quarter gains, alleviating concerns that the Middle East war would weigh on loan demand and spending.
KBW CEO Tom Michaud joins CNBC's Squawk on the Street to discuss his expectations for bank earnings as major banks begin reporting second-quarter results on Tuesday, the outlook for regional banks, and more.
The SPDR S&P Regional Banking ETF (KRE) is downgraded to Hold as the main Fed easing catalyst has played out and the entry point is less attractive. KRE's outperformance since October 2025 was driven by monetary policy tailwinds, but future gains are constrained by a fading Fed tailwind and slower net interest margin expansion. Current Fed projections and futures pricing suggest a less accommodative policy path, increasing resistance for KRE near record highs.
The FOMC indicated at its last meeting that a rate hike in 2026 is on the table. Typically, the market reacts negatively to rate hikes, but this ETF would stand to gain from them.