Free Trial

Bank Stocks To Follow Now - August 10th

Invesco QQQ logo with Finance background

Key Points

  • Invesco QQQ, JPMorgan Chase & Co., Bank of America, Mastercard, and Intuit are highlighted as bank stocks to watch due to their high trading volumes in recent days.
  • JPMorgan Chase & Co. reported a market capitalization of $793.44 billion along with a P/E ratio of 14.81 as of the latest trading session.
  • Bank of America shares increased by $1.11 to $46.03, with a twelve month high of $49.31 and average trading volume just below 38 million shares.
  • Want stock alerts on Invesco QQQ? Get 5 Weeks of MarketBeat All Access for $5. Get My Stock Alerts.

Invesco QQQ, JPMorgan Chase & Co., Bank of America, Mastercard, and Intuit are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of ownership in publicly traded banking institutions—such as commercial banks, investment banks, and savings & loan associations. By purchasing these shares, investors gain exposure to a bank’s profits and risks through dividends and changes in stock price. The performance of bank stocks is commonly influenced by interest‐rate movements, economic cycles, and regulatory developments. These companies had the highest dollar trading volume of any Bank stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust's investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

QQQ traded up $5.31 during trading on Friday, hitting $574.55. The stock had a trading volume of 35,191,297 shares, compared to its average volume of 44,779,680. The company's 50-day moving average price is $549.00 and its 200 day moving average price is $512.23. Invesco QQQ has a twelve month low of $402.39 and a twelve month high of $574.77.

Read Our Latest Research Report on QQQ

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

JPM traded up $1.61 during trading on Friday, hitting $288.55. The stock had a trading volume of 6,633,369 shares, compared to its average volume of 8,541,502. The company has a debt-to-equity ratio of 1.25, a quick ratio of 0.89 and a current ratio of 0.88. The firm has a market capitalization of $793.44 billion, a P/E ratio of 14.81, a PEG ratio of 1.93 and a beta of 1.11. The company's 50-day moving average price is $283.74 and its 200 day moving average price is $262.70. JPMorgan Chase & Co. has a twelve month low of $200.61 and a twelve month high of $301.29.

Read Our Latest Research Report on JPM

Bank of America (BAC)

Bank of America Corporation, through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide. It operates in four segments: Consumer Banking, Global Wealth & Investment Management (GWIM), Global Banking, and Global Markets.

BAC traded up $1.11 during trading on Friday, hitting $46.03. The stock had a trading volume of 37,117,565 shares, compared to its average volume of 37,639,604. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 0.80. The firm has a market capitalization of $340.94 billion, a P/E ratio of 13.46, a PEG ratio of 1.79 and a beta of 1.31. The company's 50-day moving average price is $46.43 and its 200 day moving average price is $43.76. Bank of America has a twelve month low of $33.06 and a twelve month high of $49.31.

Read Our Latest Research Report on BAC

Mastercard (MA)

Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.

Shares of NYSE MA traded up $13.20 during trading on Friday, hitting $574.42. 2,907,568 shares of the company were exchanged, compared to its average volume of 2,618,541. The company has a market cap of $523.70 billion, a price-to-earnings ratio of 38.73, a PEG ratio of 2.36 and a beta of 1.03. Mastercard has a 1 year low of $453.46 and a 1 year high of $594.71. The firm's fifty day moving average price is $563.90 and its 200 day moving average price is $553.43. The company has a debt-to-equity ratio of 2.41, a current ratio of 1.16 and a quick ratio of 1.16.

Read Our Latest Research Report on MA

Intuit (INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

Shares of NASDAQ INTU traded down $12.61 during trading on Friday, hitting $749.00. 1,670,219 shares of the company were exchanged, compared to its average volume of 1,423,083. The company has a market cap of $208.93 billion, a price-to-earnings ratio of 60.80, a PEG ratio of 2.89 and a beta of 1.28. Intuit has a 1 year low of $532.65 and a 1 year high of $813.70. The firm's fifty day moving average price is $769.27 and its 200 day moving average price is $667.63. The company has a debt-to-equity ratio of 0.29, a current ratio of 1.45 and a quick ratio of 1.45.

Read Our Latest Research Report on INTU

Further Reading

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest and most accurate reporting. This story was reviewed by MarketBeat's editorial team prior to publication. Please send any questions or comments about this story to contact@marketbeat.com.

Should You Invest $1,000 in Invesco QQQ Right Now?

Before you consider Invesco QQQ, you'll want to hear this.

MarketBeat keeps track of Wall Street's top-rated and best performing research analysts and the stocks they recommend to their clients on a daily basis. MarketBeat has identified the five stocks that top analysts are quietly whispering to their clients to buy now before the broader market catches on... and Invesco QQQ wasn't on the list.

While Invesco QQQ currently has a Hold rating among analysts, top-rated analysts believe these five stocks are better buys.

View The Five Stocks Here

Ten Starter Stocks For Beginners to Buy Now Cover

Just getting into the stock market? These 10 simple stocks can help beginning investors build long-term wealth without knowing options, technicals, or other advanced strategies.

Get This Free Report
Like this article? Share it with a colleague.

Featured Articles and Offers

Recent Videos

3 Buy-the-Dip Stocks Poised to Rebound Soon
Quantum Boom: 3 Strong Picks with Lower Risk
3 Overlooked AI Stocks That Chipmakers Can’t Live Without

Stock Lists

All Stock Lists

Investing Tools

Calendars and Tools

Search Headlines