Best Bank Stocks Worth Watching - July 4th

Invesco QQQ, JPMorgan Chase & Co., and Citigroup are the three Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are equity shares issued by publicly traded banking institutions, giving investors a proportional claim on the bank’s assets and earnings. They provide exposure to the financial sector, where returns come from interest rate spreads, loan growth and fee-based services. Bank stock performance is driven by factors such as economic cycles, monetary policy, credit quality 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.

NASDAQ:QQQ traded up $5.08 during trading hours on Friday, hitting $555.88. The stock had a trading volume of 26,443,524 shares, compared to its average volume of 39,231,028. The business has a 50 day simple moving average of $517.86 and a two-hundred day simple moving average of $504.61. Invesco QQQ has a 1-year low of $402.39 and a 1-year high of $557.20.

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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.

Shares of JPM stock traded up $4.13 on Friday, hitting $296.13. The stock had a trading volume of 6,541,646 shares, compared to its average volume of 9,527,821. The stock's 50 day moving average is $265.91 and its 200-day moving average is $254.16. The firm has a market capitalization of $822.96 billion, a price-to-earnings ratio of 14.54, a P/E/G ratio of 2.72 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $296.40. The company has a debt-to-equity ratio of 1.23, a quick ratio of 0.89 and a current ratio of 0.89.

Read Our Latest Research Report on JPM

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 stock traded up $1.91 during trading on Friday, reaching $88.67. The stock had a trading volume of 13,229,886 shares, compared to its average volume of 14,629,018. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The firm has a fifty day moving average price of $76.22 and a 200 day moving average price of $74.04. The company has a market capitalization of $165.61 billion, a P/E ratio of 14.01, a PEG ratio of 0.67 and a beta of 1.34. Citigroup has a 1-year low of $53.51 and a 1-year high of $88.80.

Read Our Latest Research Report on C