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ETFs For Goldman Sachs Earnings

Benzinga 16 years ago

EarningsLong IdeasNewsSector ETFsGuidanceShort IdeasSpecialty ETFsGlobalPre-Market OutlookIntraday UpdateMarketsMoversTrading IdeasETFs

Goldman Sachs (NYSE: GS), the largest U.S. investment bank delivers third-quarter results today before the market opens and analysts are calling for a profit of $2.28 per share during the quarter on revenue of $8.09 billion. That's a far cry from the $3.05 per share average estimate just a month ago and nowhere near the $3.03 billion, or $5.25 per share, Goldman earned in the year earlier period. Still, Goldman is a marquee name. There are 59 ETFs that offer exposure to Goldman, but oddly enough, the stock doesn't get a double-digit allocation in any of them. Here are the ETFs with the heaviest Goldman exposure. Data courtesy of ETFChannel.com. 1) iShares Dow Jones US Broker-Dealers ETF (NYSE: IAI): IAI has an 8.9% weight to Goldman, but be careful because IAI's volume is less than 91,000 shares per day. 2) SPDR KBW Capital Markets ETF (NYSE: KCE): KCE offers a 7.7% allocation to Goldman, but volume is less than 100,000 shares per day. 3) Guggenheim Global Exchanges, Brokers ETF (NYSE: EXB): EXB's 5.6% weight to Goldman isn't going to be enough to move an ETF that averages barely more than 700 shares per day in volume. 4) iShares Dow Jones US Financial Services ETF (NYSE: IYG): IYG allocates 5.4% to Goldman and the volume is superior to the aforementioned choices. 5) Financial Select Sector SPDR (NYSE: XLF): Goldman gets a 5% weight in XLF and with Bank of America (NYSE: BAC) also reporting before the bell, XLF will certainly be in play.

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