State Street SPDR S&P Bank ETF (KBE)
| Assets | $1.38B |
| Expense Ratio | 0.35% |
| PE Ratio | 13.89 |
| Shares Out | 22.25M |
| Dividend (ttm) | $1.52 |
| Dividend Yield | 2.41% |
| Ex-Dividend Date | Dec 22, 2025 |
| Payout Frequency | Quarterly |
| Payout Ratio | 33.20% |
| Volume | 1,967,016 |
| Open | 63.41 |
| Previous Close | 63.56 |
| Day's Range | 63.19 - 63.82 |
| 52-Week Low | 44.34 |
| 52-Week High | 64.11 |
| Beta | 0.96 |
| Holdings | 104 |
| Inception Date | Nov 8, 2005 |
About KBE
Fund Home PageThe State Street SPDR S&P Bank ETF (KBE) is an exchange-traded fund that is based on the S&P Banks Select Industry index. The fund tracks an equal-weighted index of US banking firms. KBE was launched on Nov 8, 2005 and is issued by State Street.
Top 10 Holdings
11.11% of assets| Name | Symbol | Weight |
|---|---|---|
| Rocket Companies, Inc. | RKT | 1.22% |
| PennyMac Financial Services, Inc. | PFSI | 1.16% |
| Jackson Financial Inc. | JXN | 1.11% |
| Customers Bancorp, Inc. | CUBI | 1.10% |
| Axos Financial, Inc. | AX | 1.10% |
| Glacier Bancorp, Inc. | GBCI | 1.10% |
| Voya Financial, Inc. | VOYA | 1.09% |
| Popular, Inc. | BPOP | 1.08% |
| Cullen/Frost Bankers, Inc. | CFR | 1.07% |
| BOK Financial Corporation | BOKF | 1.07% |
Dividends
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 22, 2025 | $0.4086 | Dec 24, 2025 |
| Sep 22, 2025 | $0.37133 | Sep 24, 2025 |
| Jun 23, 2025 | $0.36619 | Jun 25, 2025 |
| Mar 24, 2025 | $0.37738 | Mar 26, 2025 |
| Dec 23, 2024 | $0.33838 | Dec 26, 2024 |
| Sep 23, 2024 | $0.32452 | Sep 25, 2024 |
Performance
KBE had a total return of 13.10% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.98%.
News
Big Bank Earnings Recap: "Great Shape for 2026," Mind Small Warning Flags
The bulk of big bank earnings are largely in investor hands. Macrae Sykes says the "banking sector's in great shape for 2026.
KBW CEO Tom Michaud: Bank earnings show industry in good shape, suggesting banner year
Tom Michaud, KBW CEO, joins 'Fast Money' to talk bank earnings, what to expect from the sector in 2026, the impact of DC policies and more.
The Future Of The Megabanks
U.S. megabanks—Bank of America, Citigroup, Goldman Sachs, JPMorgan Chase, Morgan Stanley, and Wells Fargo—outperformed the S&P 500 last year. I see the megabanks as attractive investment opportunities...
Jim Cramer shares his take on banking stocks
'Mad Money' host Jim Cramer looks at how Big Bank stocks are trading to start the year.
Banks and financials could benefit from the productivity of using AI tools: DWS Group's David Bianco
David Bianco, Americas CIO at DWS Group, joins 'Money Movers' to discuss bank earnings, market themes, and more.
Investors Eye AI Spending in Bank Earnings
JPMorgan CEO Jamie Dimon insisted in the bank's post-earnings call that it will be spending on AI to drive efficiencies and keep up with competitors, in response to an analyst question. As bank earnin...
It's flat-out 'a really good environment' for the banks, says Atlas Merchant Capital CEO
Bob Diamond, Atlas Merchant Capital CEO and former Barclays CEO, joins ‘Squawk on the Street" to discuss his expectations for the banks, opportunities that lie ahead, and more.
Tim Seymour: Banks should trade on a higher multiple with deregulation
Tim Seymour, Seymour Asset Management CIO, joins 'The Exchange' to discuss how to invest around Trump's calls for a cap on credit card fees.
Bank stocks rally has more to go, says Wells Fargo's Mike Mayo
CNBC's "Closing Bell" team discusses the outlook for bank earnings and more with Mike Mayo of Wells Fargo.
Final Trade: GM, KBE, CAT, LULU
The final trades of the day with CNBC's Brian Sullivan and the 'Fast Money' traders.
'Fast Money' traders talk the state of the Big Bank sector heading into 2026
The 'Fast Money' traders talk the state of the Big Bank sector heading into 2026.
Why Finance ETFs Could Keep Outperforming The Broader Market In 2026
America's largest banks are on the way to close the year 2025 with historic stock prices, strengthening balance sheets and regulatory freedom, per a Yahoo! Finance report — and investors in banking ET...
Community Banks' Margins Expanding, Credit Quality Holding Up For Now
Community bank margins have expanded as the benefit from fixed-rate assets repricing has overshadowed modest increases in funding costs. Most regional and community banks, in a variety of geographies,...
US bank profits climb in Q3 as loss provisions ease, FDIC says
According to numbers released Monday by the Federal Deposit Insurance Corporation, the US banking industry's quarterly profitability rebounded sharply, jumping 13.5% to $79.3 billion in the third quar...
US bank rout prompts deal speculation as credit worries loom
Jitters around U.S. banks' exposure to loan losses have fueled expectations for more mergers and acquisitions as big buyers may be spurred to look to absorb smaller or weaker rivals, according to four...
'Cockroach' jabs and regional bank breakdowns: The week private credit's 'golden' narrative got a little less shiny
Jamie Dimon's concern over "cockroaches" in credit has spawned a debate about private credit. While some industry watchers sound the alarm on the booming industry, others are more sanguine.
Review & Preview: The Banks Are OK, For Now
A day after worries about the U.S. banking system threatened to spin out of control, the market took a deep breath.
Investors believe credit issues are idiosyncratic, says Trivariate's Adam Parker
Adam Parker, Trivariate Research founder, joins 'Closing Bell' to discuss Parker's thoughts on the credit environment, what could go wrong with capital expenditures and much more.
Global bank stocks wobble amid U.S. credit concerns
Fear over credit quality in U.S. regional banks rippled through markets on Friday, dragging global financial stocks lower and reviving memories of the crisis of confidence that shook sentiment just ov...
The 'Halftime' Investment Committee discusses whether you can bank on financials
The Investment Committee debate whether financials can continue pushing higher.
KBE: Quality Regional Banks ETF, Bet On The Health Of The U.S. Economy
KBE offers highly diversified, best-in-class exposure to regional and diversified banks, with a competitive expense ratio and solid dividend yield. The fund trades at a significant valuation discount ...
Industrials, Banks to Drive M&A: Morgan Stanley's Miles
Dealmakers are raking in billions in M&A despite lingering fears about trade wars and geopolitics. Transaction values are up almost a fifth this year at $2.2 trillion, according to data compiled by Bl...
KBW CEO: Bank earnings improvement story is underway
Tom Michaud, KBW CEO, joins 'Power Lunch' to discuss the status of regional banks, what AI can do for the company's valuation and much more.
U.S. Banks Maintain Favorable Earnings While Confronting Economic Uncertainty
US banks' net interest margins are poised to expand, but higher-for-longer interest rates and uncertainty created by tariffs will push credit costs higher and limit earnings growth in 2025. Banks' ear...
Regional bank consolidation will heat up soon, says Commerce Street CEO Dory Wiley
CNBC's "Power Lunch" team breaks down what is moving markets during the day's trading session, including bank earnings, and more with Jay Woods, chief global strategist at Freedom Capital Markets, and...
Upside scenario is becoming base case for Big Banks, says KBW's McGratty
Chris McGratty, KBW, joins 'Fast Money' to talk what to expect out of Big Bank earnings following KBW's upgrades for JPMorgan and Morgan Stanley.
Why this technical analyst is bullish on regional banks
Jay Woods, Chief Global Strategist for Freedom Capital Markets, explains why he's so high on regional banks.
UBS' Erika Najarian: Banks are in wait-and-see mode
Erika Najarian, UBS large cap bank analyst, joins CNBC's 'Squawk on the Street' to discuss what's on deck for banks in the second half of the year.
Banks capital-return plans on deck after market close
CNBC's Leslie Picker joins 'Squawk on the Street' with the latest news on the banking sector.
Banks rise on regulatory hopes
CNBC's Leslie Picker joins 'Money Movers' to discuss the financial sector seeing a rise is stock amid passing the Fed's stress test.
Loosening capital requirements will lead to increased bank M&A, says RBC's Gerard Cassidy
CNBC's "Fast Money" is joined by Gerard Cassidy, head of U.S. bank equity strategy and large cap bank analyst at RBC Capital Markets, to discuss the outlook for the banking industry, the upcoming resu...
Fed Votes to Advance Proposal to Ease Banks' Capital Requirements
The Federal Reserve reportedly voted Wednesday (June 25) to advance a proposal that would ease the “enhanced supplementary leverage ratio” that determines the amount of capital banks must hold against...
Divided Fed proposes rule to ease capital requirements for big Wall Street banks.
The Federal Reserve unveiled a proposal on Wednesday to ease Tier 1 capital requirements for the biggest U.S. banks, CNBC's Leslie Picker reports, though not everyone at the central bank agreed with t...
New York banks, REITs fall as Mamdani's mayoral lead stokes rent freeze worries
Shares of several New York-based banks and real estate investment trusts fell on Wednesday as Zohran Mamdani's lead in New York City's Democratic mayoral primary stoked concerns that his proposed rent...
Financials Up as Treasury Yields Flatten Out -- Financials Roundup
Shares of banks and other financial institutions rose as Treasury yields fell for the second straight week.
Call of the Day: Bank stocks
Oppenheimer is downgrading the banks. It's our Call of the Day.
KBE: Banks Are Cheap Post-Liberation Day, Macro Fears Easing
The odds of a US recession have dropped sharply, easing macro fears and supporting a more constructive outlook for banks. KBE offers attractive valuation, high yield, and diversified exposure to US ba...
Banks boosted by trade and economic hopes, but Tim And Karen fade Citi
The 'Fast Money' traders talk how they are playing big banks.
Mid-cap and regional banks are at an inflection point, says Janney's Chris Marinac
CNBC's Leslie Picker with Janney's Chris Marinac, join 'The Exchange' to discuss Big Bank earnings and the companies CEOs statements on tariffs, recession concerns and more.
Regional bank reporting will be better reflection of economic uncertainty: RBC's Gerard Cassidy
Gerard Cassidy, RBC Capital Markets Managing Director, joins 'Closing Bell Overtime' to talk quarterly banking results.
Janney's top bank analyst sees 'excessively negative' sentiment toward group
Chris Marinac, Janney Montgomery Scott director of research, joins 'Fast Money' to talk Wall Street's sentiment toward banks ahead of earnings.
KBE: Regional Banking Sector, Competitive EPS And Double-Digit Growth Projections
KBE ETF primarily invests in regional banks, offering a consistent dividend yield and lower standard deviation compared to peers like KRE. Despite a 5-year CAGR of 7.89%, KBE's growth lags behind the ...