Invesco QQQ, Citigroup, Bank of America, JPMorgan Chase & Co., and NU 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 fractional ownership in those companies. Their market value and dividend payouts depend on factors like loan performance, interest‐rate margins and regulatory capital requirements. As financial sector equities, they’re particularly sensitive to economic cycles, credit conditions and changes 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 traded up $4.45 during midday trading on Thursday, hitting $561.74. 16,311,379 shares of the company were exchanged, compared to its average volume of 39,473,840. The company's 50 day simple moving average is $531.45 and its 200 day simple moving average is $506.52. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $561.94.
Read Our Latest Research Report on QQQ
Citigroup (C)
Citigroup Inc., a diversified financial service holding company, provides various financial product and services to consumers, corporations, governments, and institutions worldwide. It operates through five segments: Services, Markets, Banking, U.S. Personal Banking, and Wealth. The Services segment includes Treasury and Trade Solutions, which provides cash management, trade, and working capital solutions to multinational corporations, financial institutions, and public sector organizations; and Securities Services, such as cross-border support for clients, local market expertise, post-trade technologies, data solutions, and various securities services solutions.
C traded up $2.30 during midday trading on Thursday, hitting $92.32. 10,001,510 shares of the company were exchanged, compared to its average volume of 14,631,039. The company's 50 day simple moving average is $79.56 and its 200 day simple moving average is $75.13. The firm has a market capitalization of $172.42 billion, a price-to-earnings ratio of 13.65, a price-to-earnings-growth ratio of 0.71 and a beta of 1.34. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. Citigroup has a 1-year low of $53.51 and a 1-year high of $92.55.
Read Our Latest Research Report on C
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 $0.54 during midday trading on Thursday, hitting $46.57. 17,855,379 shares of the company were exchanged, compared to its average volume of 40,470,851. The company's 50 day simple moving average is $45.32 and its 200 day simple moving average is $43.60. The firm has a market capitalization of $350.72 billion, a price-to-earnings ratio of 13.86, a price-to-earnings-growth ratio of 1.26 and a beta of 1.30. The company has a current ratio of 0.79, a quick ratio of 0.78 and a debt-to-equity ratio of 1.11. Bank of America has a 1-year low of $33.07 and a 1-year high of $49.31.
Read Our Latest Research Report on BAC
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 $1.80 during midday trading on Thursday, hitting $287.62. 2,884,397 shares of the company were exchanged, compared to its average volume of 9,504,415. JPMorgan Chase & Co. has a 1-year low of $190.90 and a 1-year high of $296.40. The company has a current ratio of 0.89, a quick ratio of 0.89 and a debt-to-equity ratio of 1.23. The firm has a market capitalization of $799.31 billion, a price-to-earnings ratio of 14.78, a price-to-earnings-growth ratio of 2.61 and a beta of 1.10. The company's 50 day simple moving average is $273.18 and its 200 day simple moving average is $257.22.
Read Our Latest Research Report on JPM
NU (NU)
Nu Holdings Ltd. is a holding company, which engages in the provision of digital banking services. The company was founded by David Vélez Osorno, Cristina Helena Zingaretti Junqueira, and Adam Edward Wible on February 26, 2016 and is headquartered in George Town, Cayman Islands.
Shares of NYSE:NU traded up $0.16 during trading on Thursday, reaching $14.01. 53,327,225 shares of the company's stock traded hands, compared to its average volume of 49,505,144. NU has a fifty-two week low of $9.01 and a fifty-two week high of $16.15. The company has a quick ratio of 0.54, a current ratio of 0.54 and a debt-to-equity ratio of 0.20. The firm has a market cap of $67.49 billion, a PE ratio of 32.55, a P/E/G ratio of 0.77 and a beta of 1.07. The company has a 50-day simple moving average of $12.72 and a 200-day simple moving average of $11.98.
Read Our Latest Research Report on NU
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