Bank Stocks To Follow Now - August 14th

Key Points

• Invesco QQQ, SoFi Technologies, and JPMorgan Chase & Co. are identified as key bank stocks to watch based on significant trading volume in recent days.
• SoFi Technologies operates in multiple sectors, offering a range of financial services, and currently has a market capitalization of $25.39 billion and a P/E ratio of 48.00.
• JPMorgan Chase & Co. holds a substantial market capitalization of $804.15 billion, with recent trading activity pushing its stock price up to $292.44.

Invesco QQQ, SoFi Technologies, and JPMorgan Chase & Co. are the three Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banking institutions that allow investors to own a stake in companies whose primary activities include taking deposits, making loans and providing other financial services. Their market performance tends to reflect broader economic conditions, interest‐rate trends and regulatory developments affecting credit availability and profitability. As equity investments, bank stocks offer potential for dividend income and capital appreciation but carry risks related to loan defaults, liquidity squeezes and shifts in monetary policy. 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 stock traded down $0.76 during midday trading on Thursday, reaching $579.58. 20,264,126 shares of the company's stock traded hands, compared to its average volume of 44,628,281. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $583.32. The business has a 50-day moving average price of $552.08 and a two-hundred day moving average price of $513.33.

Read Our Latest Research Report on QQQ

SoFi Technologies (SOFI)

SoFi Technologies, Inc. provides various financial services in the United States, Latin America, and Canada. It operates through three segments: Lending, Technology Platform, and Financial Services. The company offers lending and financial services and products that allows its members to borrow, save, spend, invest, and protect money.

SOFI stock traded down $0.84 during trading on Thursday, hitting $22.97. 26,884,183 shares of the company's stock traded hands, compared to its average volume of 60,227,941. The company has a quick ratio of 0.14, a current ratio of 0.80 and a debt-to-equity ratio of 0.57. SoFi Technologies has a 52 week low of $6.69 and a 52 week high of $25.11. The stock has a fifty day moving average price of $19.03 and a two-hundred day moving average price of $15.17. The stock has a market capitalization of $25.39 billion, a price-to-earnings ratio of 48.00, a price-to-earnings-growth ratio of 2.94 and a beta of 1.93.

Read Our Latest Research Report on SOFI

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.

NYSE JPM traded up $1.91 on Thursday, hitting $292.44. 1,939,500 shares of the company were exchanged, compared to its average volume of 9,922,405. The company's 50 day moving average price is $285.29 and its 200-day moving average price is $263.25. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.88. The firm has a market capitalization of $804.15 billion, a P/E ratio of 15.02, a price-to-earnings-growth ratio of 1.95 and a beta of 1.11. 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

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