Bank Stocks To Watch Now - August 28th

Key Points

• The five bank stocks to watch include Invesco QQQ, SoFi Technologies, JPMorgan Chase & Co., Bank of America, and Intuit, highlighted for their high dollar trading volume recently.
• Invesco QQQ aims to match the performance of the Nasdaq-100 Index, providing investors a means to invest in a diversified portfolio of leading tech stocks.
• SoFi Technologies offers a range of financial services across North America and Latin America, focusing on lending, technology platforms, and comprehensive financial services for members.

Invesco QQQ, SoFi Technologies, JPMorgan Chase & Co., Bank of America, and Intuit are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banking institutions that represent a partial ownership stake in those banks. Their market value reflects factors such as interest-rate trends, loan-loss expectations and regulatory capital requirements. Investors buy and sell bank stocks to gain exposure to the banks’ earnings from lending, deposit activities and other financial services. 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.

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.

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.

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.

Read Our Latest Research Report on BAC

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.

Read Our Latest Research Report on INTU

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