Bad News are Baked in, So Bank on Bank ETFs

JPMorgan Chase ( JPM ) and Wells Fargo ( WFC ) got financial services earnings season started on Tuesday and the news wasn’t pretty, but that was to be expected and some market observers believe with dour profit expectations for big banks already price into the stocks, considering these names and ETFs such as the Invesco KBW Bank ETF ( KBWB C+ ) over the near-term could be a winning play. KBWB tracks the widely followed KBW Nasdaq Bank Index.