US Major Banks & Savings > $5bn and US mid-tier banks $2bn-$5bn are selections complementing the mega cap trends of this theme
All 6 mega banks of our theme are recognized as systematically important by the Financial Stability Board, and as such, require higher capital buffers, Total Loss-Absorbing Capacity standards, resolution planning and regular resolvability assessments, and higher supervisory expectations for risk management functions
Share volatilities are notably different, highlighing the exceptional performance of JP Morgan Chase
Selected as benchmark of the selection, the Invesco KBW Bank ETF
The KBW index is a modified-market capitalization-weighted index of companies primarily engaged in US banking activities
The Index is compiled, maintained and calculated by Keefe, Bruyette & Woods, Inc. and Nasdaq, Inc. and is composed of large national US money centers, regional banks and thrift institutions that are publicly traded in the US
