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Bank, Financial ETFs Are Having a Phenomenal Year


Bank stocks are on pace for what could be their best year on record when compared to the S&P 500, the Wall Street Journal reports.
After years of underperformance, the bank sector is finally enjoying a moment of outperformance. Analysts argued that the sector remains cheap, and many shareholders view the industry as a relatively safe play that would benefit from the economic recovery.
The KBW Nasdaq Bank Index is up 37% and the KBW Nasdaq Regional Banking Index up 38% this year while the S&P 500 is 11% higher. In comparison, the big-bank index declined nearly 14% last year, underperforming the S&P 500 by 30 percentage points. ....

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Eastern Bankshares, Inc. Added To The KBW Nasdaq Regional Banking Index


Press release content from Business Wire. The AP news staff was not involved in its creation.
Eastern Bankshares, Inc. Added To The KBW Nasdaq Regional Banking Index
March 17, 2021 GMT
BOSTON (BUSINESS WIRE) Mar 17, 2021
Eastern Bankshares, Inc. (the “Company,” or together with its affiliates and subsidiaries, “Eastern”) (Nasdaq Global Select Market: EBC), a Massachusetts corporation and the stock holding company for Eastern Bank, today announced that the Company has been added to the KBW Nasdaq Regional Banking Index (Index Ticker: KRX) as part of the first quarter 2021 index rebalancing. The addition will be effective prior to the opening of business on Monday, March 22, 2021. ....

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