Volatile Week for Financial ETFs

Earnings season is around, and it tends to add some volatility back into the market. Now, major banks and financial firms have already reported their earnings, most beat expectations. However, there were also mixed results with financials. Goldman Sachs Group Inc (NYSE: GS) and Morgan Stanley (NYSE: MS) were some notable earnings that surprised the Street. Consequently, this added some volatility to exchange-traded funds (ETFs), such as the Financial Select Sector SPDR Fund (NYSEARCA: XLF) and Vanguard Financials ETF (NYSEARCA: VFH).
The Market Oracle

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