Promising Bank Stocks To Watch Today - November 11th

Key Points

• Bank of America, JPMorgan Chase, and Citigroup were identified as bank stocks to watch based on their high recent dollar trading volume.
• All three stocks rose during Wednesday trading: Bank of America edged up to $50.69, JPMorgan gained $1.18 to $343.25, and Citigroup advanced $2.16 to $124.43.
• The stocks traded below their 50-day moving averages: Bank of America at $50.69 versus $54.78, JPMorgan at $343.25 versus $341.28 (above its average), and Citigroup at $124.43 versus $128.52.

Bank of America, JPMorgan Chase & Co., and Citigroup are the three Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banks and other banking companies, giving investors partial ownership in those businesses. Their performance can be influenced by interest rates, loan growth and defaults, and the broader economy. These companies had the highest dollar trading volume of any Bank stocks within the last several days.

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 $0.01 during trading on Wednesday, hitting $50.69. The company's stock had a trading volume of 6,710,305 shares, compared to its average volume of 37,631,703. The company has a quick ratio of 0.82, a current ratio of 0.82 and a debt-to-equity ratio of 1.17. The stock has a market capitalization of $349.76 billion, a price-to-earnings ratio of 12.04, a price-to-earnings-growth ratio of 0.89 and a beta of 1.19. The firm's 50 day moving average price is $54.78 and its two-hundred day moving average price is $54.87. Bank of America has a 12 month low of $46.12 and a 12 month high of $65.22.

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.

Shares of JPM stock traded up $1.18 during trading hours on Wednesday, hitting $343.25. 953,000 shares of the company's stock were exchanged, compared to its average volume of 8,985,612. JPMorgan Chase & Co. has a 52 week low of $279.10 and a 52 week high of $366.50. The stock has a market cap of $911.54 billion, a price-to-earnings ratio of 14.40, a price-to-earnings-growth ratio of 1.35 and a beta of 1.03. The company has a debt-to-equity ratio of 1.31, a current ratio of 0.85 and a quick ratio of 0.85. The stock's 50-day moving average is $341.28 and its 200-day moving average is $324.17.

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 $2.16 during trading on Wednesday, hitting $124.43. The company had a trading volume of 1,714,667 shares, compared to its average volume of 12,183,544. The company has a quick ratio of 1.00, a current ratio of 1.00 and a debt-to-equity ratio of 1.78. The firm has a 50-day moving average price of $128.52 and a 200-day moving average price of $126.67. Citigroup has a 12 month low of $95.83 and a 12 month high of $147.96. The stock has a market cap of $212.23 billion, a price-to-earnings ratio of 12.15, a PEG ratio of 0.54 and a beta of 1.18.

Read Our Latest Research Report on C

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