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If you want to gain a wide understanding of the Financials - Regional Banks part of the stock market, you might want to look at the SPDR S&P Regional Banking ETF (KRE). This is a passively managed exchange-traded fund that started on June 19, 2006.
Billionaire Stanley Druckenmiller has an impressive history that few investing legends can rival. Throughout his career, he has never experienced a losing year and has achieved an average annual return of 30% over 30 years.
The recent improvement in the 2-year/10-year Treasury yield curve has led me to change my recommendation for KRE from hold to buy. KRE is appealing due to its low P/E ratio of 11.7x and a PEG ratio of 1.6x, suggesting it is a good value. Even with previous fluctuations, KRE has remained strong, consistently paying dividends and gaining momentum lately.
The unexpected exit of Michael Barr, the Federal Reserve's vice chair for supervision, is drawing attention to Michelle Bowman. Analysts believe she is the leading candidate to take over as the Fed's new top banking regulator.
The SPDR S&P Regional Banking (KRE) ETF has been on a strong upward trend, hitting a peak of $67.95, the highest point since February 2022. It has increased by 100% from its lowest point last year during the regional banking crisis.
In this episode of the "ETF of the Week" podcast, Todd Rosenbluth, the Head of Research at VettaFi, joins Money Life host Chuck Jaffe to discuss the SPDR S&P Regional Banking ETF (KRE). They talk about how the ETF can be used and what its future looks like.
Todd Rosenbluth, the Head of Research at VettaFi, talked about the SPDR S&P Regional Banking ETF (KRE) on the latest episode of the “ETF of the Week” podcast with Chuck Jaffe from “Money Life.” For additional news, insights, and analysis, check out VettaFi | ETF Trends.
In this week's episode of "ETF Prime," host Nate Geraci welcomed Todd Rosenbluth, the head of research at VettaFi. They talked about ETF flows and the potential effects of the upcoming 2024 election on ETF investments.
I have changed KRE's rating to Hold because of better earnings, improved valuation, and expected consolidation in the industry. The risk of regional banks failing seems to have decreased, and we expect higher returns on equity and earnings as interest rates start to ease. Analysts predict moderate growth in earnings per share for KRE, with the possibility of increased valuations and substantial returns by the end of 2026.
Since we started our positive outlook in May 2023, KRE has achieved a total return of 61.9%, which is much higher than the SPX's 43.7% return during the same time. We are pleasantly surprised by KRE's strong performance, especially since it happened in just 18 months, resulting in an annualized return of about 37%. By strategically moving profits from successful investments to other opportunities with better risk-adjusted returns, we can improve overall portfolio performance.
FAQ
- What is KRE ETF?
- Does KRE pay dividends?
- What stocks are in KRE ETF?
- What is the current assets under management for KRE?
- What is KRE average volume?
- What is KRE expense ratio?
- What is KRE inception date?