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Promising Bank Stocks Worth Watching - November 6th

JPMorgan Chase & Co. logo with Finance background
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Key Points

  • Seven bank-related stocks flagged for high recent dollar trading volume: JPMorgan Chase, Bank of America, Citigroup, Wells Fargo, Nu Holdings, Charles Schwab, and U.S. Bancorp.
  • In Friday trading, JPMorgan, Bank of America, Citigroup, and Nu Holdings rose, while Wells Fargo, Charles Schwab, and U.S. Bancorp declined.
  • The stocks showed varied valuation and trading profiles: reported P/E ratios ranged from 11.65 for U.S. Bancorp to 16.44 for Nu Holdings, with all seven trading below their 52-week highs.
  • MarketBeat previews the top five stocks to own by December 1st.

JPMorgan Chase & Co., Bank of America, Citigroup, Wells Fargo & Company, NU, Charles Schwab, and U.S. Bancorp are the seven Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banks and other banking companies. Investors may buy them to gain exposure to the banking sector, where returns can be influenced by interest rates, loan demand, and the quality of banks’ loans. These companies had the highest dollar trading volume of any Bank stocks within the last several days.

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.

NYSE JPM traded up $1.07 during trading on Friday, reaching $338.42. 2,793,403 shares of the company traded hands, compared to its average volume of 9,026,678. JPMorgan Chase & Co. has a 1-year low of $279.10 and a 1-year high of $366.50. The company has a market cap of $899.57 billion, a price-to-earnings ratio of 14.20, a P/E/G ratio of 1.39 and a beta of 1.03. The stock's 50 day moving average price is $342.26 and its two-hundred day moving average price is $323.62. The company has a debt-to-equity ratio of 1.31, a quick ratio of 0.85 and a current ratio of 0.85.

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.

NYSE:BAC traded up $0.30 during trading hours on Friday, reaching $50.06. The company had a trading volume of 11,110,051 shares, compared to its average volume of 37,759,324. 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 50-day moving average of $55.48 and a two-hundred day moving average of $54.90. Bank of America has a one year low of $46.12 and a one year high of $65.22. The firm has a market capitalization of $345.46 billion, a PE ratio of 11.88, a PEG ratio of 0.91 and a beta of 1.19.

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.

C stock traded up $1.83 during trading on Friday, hitting $120.28. 3,423,585 shares of the stock traded hands, compared to its average volume of 12,223,172. Citigroup has a one year low of $95.83 and a one year high of $147.96. The stock has a market cap of $205.14 billion, a price-to-earnings ratio of 11.73, a P/E/G ratio of 0.55 and a beta of 1.18. The company has a 50 day simple moving average of $129.20 and a 200 day simple moving average of $126.57. The company has a current ratio of 1.00, a quick ratio of 0.99 and a debt-to-equity ratio of 1.78.

Read Our Latest Research Report on C

Wells Fargo & Company (WFC)

Wells Fargo & Co. is a diversified and community-based financial services company, which engages in the provision of banking, insurance, investments, mortgage, and consumer and commercial finance products and services. It operates through the following segments: Consumer Banking and Lending, Commercial Banking, Corporate and Investment Banking, and Wealth and Investment Management.

Shares of WFC traded down $0.37 on Friday, hitting $84.43. The company's stock had a trading volume of 4,644,617 shares, compared to its average volume of 15,973,209. The company has a market capitalization of $253.44 billion, a PE ratio of 11.90, a PEG ratio of 0.94 and a beta of 0.93. The company has a debt-to-equity ratio of 1.14, a current ratio of 0.89 and a quick ratio of 0.89. Wells Fargo & Company has a fifty-two week low of $72.78 and a fifty-two week high of $97.76. The company has a 50 day moving average price of $84.43 and a 200 day moving average price of $83.61.

Read Our Latest Research Report on WFC

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.

NYSE NU traded up $0.46 on Friday, hitting $12.20. 19,049,791 shares of the company were exchanged, compared to its average volume of 66,800,883. The firm has a 50 day moving average of $14.07 and a two-hundred day moving average of $14.38. The company has a market cap of $59.25 billion, a P/E ratio of 16.44, a P/E/G ratio of 0.49 and a beta of 0.97. The company has a current ratio of 0.55, a quick ratio of 0.55 and a debt-to-equity ratio of 0.35. NU has a 1-year low of $11.20 and a 1-year high of $18.98.

Read Our Latest Research Report on NU

Charles Schwab (SCHW)

The Charles Schwab Corporation, together with its subsidiaries, operates as a savings and loan holding company that provides wealth management, securities brokerage, banking, asset management, custody, and financial advisory services in the United States and internationally. The company operates in two segments, Investor Services and Advisor Services.

Shares of SCHW traded down $0.77 during mid-day trading on Friday, hitting $91.81. 2,520,745 shares of the company traded hands, compared to its average volume of 9,973,555. Charles Schwab has a one year low of $83.96 and a one year high of $114.53. The company has a current ratio of 0.64, a quick ratio of 0.64 and a debt-to-equity ratio of 0.52. The business has a 50-day moving average of $98.84 and a 200 day moving average of $97.44. The stock has a market capitalization of $158.77 billion, a price-to-earnings ratio of 15.65, a PEG ratio of 0.83 and a beta of 0.77.

Read Our Latest Research Report on SCHW

U.S. Bancorp (USB)

U.S. Bancorp, a financial services holding company, provides various financial services to individuals, businesses, institutional organizations, governmental entities, and other financial institutions in the United States. It operates through Wealth, Corporate, Commercial and Institutional Banking; Consumer and Business Banking; Payment Services; and Treasury and Corporate Support segments.

Shares of NYSE USB traded down $0.04 during midday trading on Friday, hitting $59.71. The stock had a trading volume of 3,026,718 shares, compared to its average volume of 9,064,696. The firm has a market cap of $93.03 billion, a P/E ratio of 11.65, a price-to-earnings-growth ratio of 1.16 and a beta of 1.02. U.S. Bancorp has a fifty-two week low of $45.02 and a fifty-two week high of $66.07. The company has a debt-to-equity ratio of 0.87, a current ratio of 0.83 and a quick ratio of 0.83. The company's 50-day simple moving average is $59.71 and its 200 day simple moving average is $58.16.

Read Our Latest Research Report on USB

See Also

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.

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