Three ETFs To Watch This Week: IDX, BBH, FAA

This past week marked the start to earnings season, and for the most part the reports disappointed investors and sparked sell-offs. One of the most important reports to hit the market this week came from banking giant JP Morgan. The firm reported a huge profit increase of 67% but sluggish revenues and little revenue growth kept the company’s stock in check. The banking sector was also hit by news of a brewing scandal involving several of the country’s largest banks and the possibility that they illegally influenced one of the world’s key interest rates, LIBOR. Thanks to this, markets hit their lows for the week on Thursday as these fears combined with weakness in the unemployment claims department to rekindle investor pessimism. However, thanks to some good news late Thursday and early Friday, some sectors of the economy managed to bounce back and put U.S. equities on a more solid [...] Click here to read the original article on ETFdb.com. Related Posts: Direxion Files For Non-Leveraged ETFs This Week In ETFs: February 19th Edition Checking In On The Airline ETFs: FAA vs. FLYX Van Eck Cuts Fees On Poland, Indonesia ETFs Three ETFs To Watch This Week: ITA, BBH, EWG