Seeking Alpha

FAS
Direxion Russell 1000 Financials Bullish 3X ETF

5/25/2012, 10:36 AM ET
52wk high:
52wk low:
EPS:
PE:
Div Rate:
Yield:
Market Cap:
Volume:
FAS Market Currents more »
  • 9:05 AM With a record of poor shareholder returns, why do the TBTF banks (JPM, C, BAC) even exist, writes Sheila Bair. Capital markets certainly wouldn't finance such "unstable behemoths" if it weren't for their de facto government backstop. Jamie Dimon can provide a better return to shareholders by recognizing his bank is worth more in smaller pieces.
    7 Comments
    [Financials]
  • Thursday 11:50 AM Bank Q1 net profit rose 23% to $35.3B - the highest since Q2 2007 - as revenue rose 3.1% to $169.6B, the FDIC says in is quarterly report. However, loan balances fell $56.3B (0.8%) after three consecutive quarterly increases. Lower provisions for bad loans were a factor in the profit improvement. (PR)
    Comment!
    [Financials]
  • Monday 8:10 AM JMP Securities cuts the TBTF banks due to the European crisis, with analyst David Trone's base case scenario (60% chance) seeing a Greek exit, but no contagion. He sees just a 10% chance Greece stays in the EMU. That leaves 30% for exit, but with contagion.
    3 Comments
    [Financials]
ETF Stats
  • Expense Ratio: 0.95%
  • Average Bid Ask Ratio: 0.02%
  • Tracking Error: 0.66%
  • Concentration Risk: 13.88%
  • Capital Gains Dist. %: 0.00%
  • Number of Securities: 201
  • Dividend Amount:
  • Dividend Date:
For overall rating and ranking versus other ETFs get a free trial to XTF Premium
FAS in Focus more »
FAS Press Releases and Filings more »
Currently, there are no press releases or filings on FAS.
FAS Instablog posts more »
  • Dec 26th Article: Buy The Right Stock At Right Price.
    Thu, May 17 • freefdawatchlist • Comment!
  • ECB Printing Money, & Greece On The Edge Of Official Default
    Mon, May 14 • freefdawatchlist • Comment!
  • Understanding Simple Moving Average (SMA) For Day Trading Part 2
    Mon, May 7 • freefdawatchlist • Comment!
  • Understanding Simple Moving Average (SMA) For Day Trading
    Sun, Apr 29 • freefdawatchlist • Comment!
  • Technical Level For S&P500, Dow And Nasdaq For April 3rd.
    Tue, Apr 3 • freefdawatchlist • Comment!
Write a post on FAS
FAS StockTalks
FAS vs. ETF Alternatives
FAS Description
The Financial Bull 3X Shares seeks daily investment results, before fees and expenses, of 300% of the price performance of the Russell 1000® Financial Services Index ("Financial Index"). There is no guarantee the fund will meet its stated investment objective.
See more details on sponsor's website
Sector: Financial
Country: United States
Key Info