Bill Gross Sees 'Extraordinary Long-Term Value' in Regional Banks: 3 ETFs To Watch
Portfolio Pulse from Surbhi Jain
Bill Gross, co-founder of PIMCO, has expressed interest in regional banks, seeing them as a long-term investment opportunity. He previously bought stocks of Western Alliance Bancorp, Synovus Financial Corp, PacWest Bancorp, and SPDR S&P Regional Banking ETF, selling off 80% of the holding in July. He has indicated a renewed interest in regional banks. The article also highlights three regional bank ETFs: SPDR S&P Regional Banking ETF, iShares U.S. Regional Banks ETF, and Invesco KBW Regional Banking ETF.
October 31, 2023 | 5:21 pm
News sentiment analysis
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NEUTRAL IMPACT
iShares U.S. Regional Banks ETF is highlighted as one to watch.
The ETF is highlighted as one to watch, which could potentially influence investors. However, the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Invesco KBW Regional Banking ETF is highlighted as one to watch.
The ETF is highlighted as one to watch, which could potentially influence investors. However, the impact on its stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 50
RELEVANCE 60
NEUTRAL IMPACT
Bill Gross previously bought stocks of SPDR S&P Regional Banking ETF and sold off 80% of the holding in July. The ETF is also highlighted as one to watch.
Bill Gross's interest in regional banks could potentially influence other investors. However, the impact on SPDR S&P Regional Banking ETF's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 70
RELEVANCE 80
NEUTRAL IMPACT
Bill Gross previously bought stocks of PacWest Bancorp and sold off 80% of the holding in July.
Bill Gross's interest in regional banks could potentially influence other investors. However, the impact on PacWest Bancorp's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Bill Gross previously bought stocks of Synovus Financial Corp and sold off 80% of the holding in July.
Bill Gross's interest in regional banks could potentially influence other investors. However, the impact on Synovus Financial Corp's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70
NEUTRAL IMPACT
Bill Gross previously bought stocks of Western Alliance Bancorp and sold off 80% of the holding in July.
Bill Gross's interest in regional banks could potentially influence other investors. However, the impact on Western Alliance Bancorp's stock price is uncertain.
CONFIDENCE 80
IMPORTANCE 60
RELEVANCE 70