Investors shifted funds into financial stocks, with the XLF ETF rising 1.5%, while technology stocks fell, with the XLK ETF dropping 2.8%, as markets anticipated the first Federal Reserve policy meeting under new Chairman Kevin Warsh. Chip stocks led the tech decline, notably the Philadelphia semiconductor index, which fell 5.7%. The Fed held interest rates steady but signaled possible hikes before year-end, causing cautious market sentiment. Financial stocks like JPMorgan and Robinhood showed gains, while tech storage companies showed mixed performance over five days. The market awaits further Fed guidance on interest rates and policy direction under Warsh's leadership.
US Financial 15 Split Corp announced a monthly preferred share dividend of $0.07317, equating to a 10% annual yield based on the previous month's net asset value. The dividend will be paid on July 10, 2026, to shareholders recorded as of June 30, 202...
Major US banks JPMorgan, Citibank, and Bank of America show signs of being overbought as the market heads into the Juneteenth holiday on Friday. JPMorgan faces resistance near $335 and may see short-term selling, while Citibank is favored for steady ...
Financial 15 Split Corp. completed an overnight offering of preferred shares, raising approximately $107.8 million. The funds will be invested in a portfolio of high-quality North American financial services companies, including major banks and insur...
J.P. Morgan Asset Management converted two mutual funds into actively managed municipal bond ETFs focused on California and New York, launching with about $502 million and $456 million in assets respectively. These ETFs offer tax-free income benefits...
Financial 15 Split Corp. announced an overnight offering of its Preferred Shares at $10.78 each, led by National Bank Financial Inc. The offering, closing around June 24, 2026, aims to raise funds to invest in a portfolio of North American financial ...
