The KBW Bank Portfolio (NASDAQ:KBWB) is seeing unusually high volume in afternoon trading Friday, with over 1.0 million shares traded versus three month average volume of about 248,000. Shares of KBWB were down about 0.9% on the day.
Components of that ETF with the highest volume on Friday were Bank of America (NYSE:BAC), trading off about 0.5% with over 51.0 million shares changing hands so far this session, and Wells Fargo (NYSE:WFC), off about 0.2% on volume of over 8.5 million shares. First Niagara Financial Group (FNFG) is the component faring the best Friday, up by about 0.4% on the day, while Bank of New York Mellon (NYSE:BK) is lagging other components of the KBW Bank Portfolio, trading lower by about 2.5%.
Any ideas and opinions presented in all Market News Video clips are for informational and educational purposes
only, and do not reflect the opinions of BNK Invest, Inc. or any of its affiliates, subsidiaries or partners.
In no way should any content contained herein be interpreted to represent trading or investment advice.
None of the information contained herein constitutes a recommendation that any particular security, portfolio,
transaction, or investment strategy is suitable for any specific person. All viewers agree that under no
circumstances will BNK Invest, Inc,. its subsidiaries, partners, officers, employees, affiliates, or agents be held
liable for any loss or damage caused by your reliance on information obtained. Read Full Disclaimer.