IYG has had a breath-taking 10-month rally from November 2012 to the peak earlier this month. The same could be said for the three largest holdings, as illustrated in the one-year chart below. WFC data by YCharts
It's a classic example of headline risk on a topic Wall Street would prefer to avoid.
Richard Cordray, the first director of the Consumer Financial Protection Board, has taken an aggressive tack. Now, it may be doing its job too well.
Look for bigger payouts from the six biggest U.S. banks -- mostly in the form of stock buybacks, analysts say.