NEW YORK (TheStreet) -- As earnings season has gotten under way, investors have enjoyed strong reports from a collection of companies hailing from across the market spectrum. One industry that has enjoyed some particularly encouraging strength has been the financials.
In the years following the financial crisis, Wall Street kings and regional banks have faced a relentless wave of negative coverage and pressure. This tide may be receding however, and in the weeks ahead, ETF investors may want to consider taking aim the sector.
JPMorgan (JPM), Wells Fargo (WFC), Goldman Sachs (GS), and super-regional US Bancorp (USB), are among the companies that have stepped up to the plate in recent days with analyst-beating earnings showings.
Citigroup (C), on the other hand, failed to live up to expectations. Taken at face value this news was disappointing but, as some commentators have noted, many of the company's statistics showed strength. The market shared this optimism; Citi managed to outperform fellow Wall Street titans like JPM, WFC and Bank of America (BAC) during Tuesday trading.The parade is not over yet, either. Throughout the remaining days of the week, companies including PNC Financial (PNC), Bank of New York Mellon (BK), Morgan Stanley (MS) and Bank of America will disclose their performance numbers and provide insight into what lays on the road ahead. 10 Stocks That Could Rise in Market Decline >> We have seen some encouraging signs of strength from the financial sector as conditions have improved and economic activity has picked up. Though headwinds facing U.S.-based banks may be letting up a bit, investors should keep in mind the fact that the sky is not entirely clear. Therefore, when setting aside a chunk of a portfolio for financial sector ETFs, investors must be on top of their homework.