'Yellen Says More Bank Mergers Likely This Year; Treasury Secretary Says She Doesn't See 'Huge Threat,' But Comments Show Regulators Bracing For Turbulence' - WSJ
Portfolio Pulse from Benzinga Newsdesk
Treasury Secretary Janet Yellen expects more bank mergers this year due to higher interest rates and recent banking turmoil, making it more expensive for banks to retain depositors.
June 23, 2023 | 3:12 pm
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NEUTRAL IMPACT
Bank mergers predicted by Janet Yellen may impact KBE, an ETF tracking the banking sector.
Janet Yellen's prediction of more bank mergers this year may impact KBE, an ETF that tracks the banking sector. However, the short-term impact on KBE's stock price is uncertain as the specific banks involved in the mergers are not mentioned.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Yellen's prediction of more bank mergers may affect KRE, an ETF tracking regional banking.
Janet Yellen's expectation of more bank mergers this year may impact KRE, an ETF that tracks regional banking. However, the short-term impact on KRE's stock price is uncertain as the specific banks involved in the mergers are not mentioned.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75
NEUTRAL IMPACT
Yellen's bank merger predictions may have a limited impact on SPY, a broad market ETF.
Janet Yellen's prediction of more bank mergers this year may have a limited impact on SPY, a broad market ETF, as the banking sector is just one component of the overall market. The short-term impact on SPY's stock price is uncertain.
CONFIDENCE 70
IMPORTANCE 40
RELEVANCE 25
NEUTRAL IMPACT
Yellen's bank merger predictions may impact XLF, a financial sector ETF.
Janet Yellen's expectation of more bank mergers this year may impact XLF, a financial sector ETF. However, the short-term impact on XLF's stock price is uncertain as the specific banks involved in the mergers are not mentioned.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 75