PowerShares Dynamic Banking Sec (ETF) (AMEX:PJB)
Exchange trade fund
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Excluding the 19 biggest banks that underwent the stress test, banks with nonperforming loans above 5% had combined deposits of $193 billion, according to Bloomberg data.
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ETF that tracks financial / banking.
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PJB: I believe this sector will start to do better This is one for the long haul 3-5 years. This ETF is focus on 30 banking companies. ( BAC, WFC, FED, JPM, KEY, MTB, UMBF, UB, WFC ) The risk is a bit higher but the rewards will be like honey. I own this ETF and I compliment it with PGF. Patience is a virture with these two.
http://finance.yahoo.com/q/hl?s=PJB
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