Since the beginning of May, shares of the “Big 5” banking stocks have dropped between 8 to 10%.
We expect to see a bounce of some degree in the near-term, but it’s difficult to predict which name will see the most significant rebound.
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For investors looking to take a step back into the long side of the banking sector, we suggest the Vaneck banking EFT with the symbol: MVB
This Exchange traded fund has dropped from $30.00 on April 27th the current price of $27.30. We believe a small allocation at these levels, for a bounce back to $28.75 would represent a solid “tactical” trade.
MVB Aussie Bank ETF
