Bank ETFs rise sharply as investors await JPMorgan’s quarterly earnings
Exchange-traded funds that buy bank stocks were rising Wednesday, outperforming the S&P 500 index as it traded in record territory.
The SPDR S&P Bank ETF was up 1.3% in afternoon trading, while the SPDR S&P Regional Banking ETF gained 1.6%, according to FactSet data, at last check. Shares of JPMorgan Chase & Co, which will report its third-quarter earnings results on Friday, were climbing 1.3%.
Meanwhile, the S&P 500 advanced 0.5%, trading in record territory. The index was slightly above its record closing high of 5,762.48 booked Sept. 30, according to FactSet data, at last check