Invesco QQQ, Discover Financial Services, JPMorgan Chase & Co., Bank of America, and Citigroup are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banking institutions, representing fractional ownership in firms that accept deposits, extend loans and provide a range of financial services. Investors buy bank stocks to gain exposure to banks’ earnings—driven largely by net interest margins, loan demand and fee-based activities. Their market value tends to fluctuate with interest-rate movements, credit conditions 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.
Shares of QQQ traded up $3.92 on Thursday, reaching $516.96. 26,189,593 shares of the stock traded hands, compared to its average volume of 37,105,714. The firm has a market cap of $323.95 billion, a price-to-earnings ratio of 30.62 and a beta of 1.11. The stock's 50-day moving average price is $473.52 and its 200-day moving average price is $500.61. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81.
Read Our Latest Research Report on QQQ
Discover Financial Services (DFS)
Discover Financial Services, through its subsidiaries, provides digital banking products and services, and payment services in the United States. It operates in two segments, Digital Banking and Payment Services. The Digital Banking segment offers Discover-branded credit cards to individuals; personal loans, home loans, and other consumer lending; and direct-to-consumer deposit products comprising savings accounts, certificates of deposit, money market accounts, IRA certificates of deposit, IRA savings accounts and checking accounts, and sweep accounts.
DFS stock traded down $2.73 during midday trading on Thursday, reaching $197.76. 31,289,322 shares of the company's stock traded hands, compared to its average volume of 1,792,154. The company has a 50-day simple moving average of $174.46 and a two-hundred day simple moving average of $179.26. The company has a quick ratio of 1.03, a current ratio of 1.09 and a debt-to-equity ratio of 1.09. Discover Financial Services has a 1-year low of $119.95 and a 1-year high of $207.42. The company has a market cap of $49.77 billion, a price-to-earnings ratio of 12.39, a PEG ratio of 1.51 and a beta of 1.16.
Read Our Latest Research Report on DFS
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.
JPMorgan Chase & Co. stock traded up $0.42 during mid-day trading on Thursday, hitting $261.46. The stock had a trading volume of 2,488,096 shares, compared to its average volume of 9,566,328. The stock has a market capitalization of $726.62 billion, a PE ratio of 13.25, a P/E/G ratio of 2.83 and a beta of 1.07. The stock has a 50-day simple moving average of $242.84 and a two-hundred day simple moving average of $247.77. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.
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.
Shares of BAC stock traded up $0.18 on Thursday, hitting $43.43. The stock had a trading volume of 12,858,913 shares, compared to its average volume of 39,692,547. Bank of America has a twelve month low of $33.07 and a twelve month high of $48.08. The company has a fifty day moving average price of $40.27 and a two-hundred day moving average price of $43.59. The firm has a market cap of $327.09 billion, a P/E ratio of 13.50, a PEG ratio of 1.21 and a beta of 1.27. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04.
Read Our Latest Research Report on BAC
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.
Shares of C stock traded up $0.17 on Thursday, hitting $73.59. 5,309,382 shares of the stock were exchanged, compared to its average volume of 14,492,097. The firm has a market capitalization of $137.44 billion, a P/E ratio of 12.37, a price-to-earnings-growth ratio of 0.64 and a beta of 1.30. Citigroup has a fifty-two week low of $53.51 and a fifty-two week high of $84.74. The business has a 50-day moving average of $68.55 and a 200 day moving average of $72.10. The company has a current ratio of 0.96, a quick ratio of 0.96 and a debt-to-equity ratio of 1.50.
Read Our Latest Research Report on C
Recommended Stories
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.
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
Thinking about investing in Meta, Roblox, or Unity? Enter your email to learn what streetwise investors need to know about the metaverse and public markets before making an investment.
Get This Free Report
