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Best Financial Stocks To Watch Now - October 6th

Robinhood Markets logo with Finance background

Key Points

  • MarketBeat's stock screener has identified Robinhood, Coinbase, SoFi Technologies, and JPMorgan Chase among the top financial stocks to watch, with Robinhood experiencing a notable 12% increase.
  • Each featured company provides a diverse range of financial services, encompassing sectors such as banking, investment management, and crypto infrastructure, offering different avenues for investment and income potential.
  • Financial stocks are particularly sensitive to interest rates, credit cycles, and regulatory changes, which can significantly impact their earnings and investment attractiveness.
  • MarketBeat previews top five stocks to own in November.

Robinhood Markets, Coinbase Global, SoFi Technologies, Inflection Point Acquisition Corp. II, Comerica, Fifth Third Bancorp, and JPMorgan Chase & Co. are the seven Financial stocks to watch today, according to MarketBeat's stock screener tool. Financial stocks are shares of companies whose primary business involves financial services—such as banks, insurance firms, asset managers, brokers and payment processors. Investors buy these stocks to gain exposure to activities like lending, underwriting, investment management and transaction processing. Because their earnings depend heavily on interest rates, credit cycles and regulatory changes, financial stocks can offer both dividend income and significant sensitivity to economic conditions. These companies had the highest dollar trading volume of any Financial stocks within the last several days.

Robinhood Markets (HOOD)

Robinhood Markets, Inc. operates financial services platform in the United States. Its platform allows users to invest in stocks, exchange-traded funds (ETFs), American depository receipts, options, gold, and cryptocurrencies. The company offers fractional trading, recurring investments, fully-paid securities lending, access to investing on margin, cash sweep, instant withdrawals, retirement program, around-the-clock trading, and initial public offerings participation services.

Read Our Latest Research Report on HOOD

Coinbase Global (COIN)

Coinbase Global, Inc. provides financial infrastructure and technology for the crypto economy in the United States and internationally. The company offers the primary financial account in the crypto economy for consumers; and a marketplace with a pool of liquidity for transacting in crypto assets for institutions.

Read Our Latest Research Report on COIN

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

Inflection Point Acquisition Corp. II (IPXX)

Read Our Latest Research Report on IPXX

Comerica (CMA)

Comerica Incorporated, through its subsidiaries, provides various financial products and services. The company operates through Commercial Bank, Retail Bank, Wealth Management, and Finance segments. The Commercial Bank segment offers various products and services, including commercial loans and lines of credit, deposits, cash management, payment solutions, card services, capital market products, international trade finance, letters of credit, foreign exchange management services, and loan syndication services for small and middle market businesses, multinational corporations, and governmental entities.

Read Our Latest Research Report on CMA

Fifth Third Bancorp (FITB)

Fifth Third Bancorp operates as the bank holding company for Fifth Third Bank, National Association that engages in the provision of a range of financial products and services in the United States. It operates through three segments: Commercial Banking, Consumer and Small Business Banking, and Wealth and Asset Management.

Read Our Latest Research Report on FITB

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

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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.

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