Invesco QQQ, JPMorgan Chase & Co., Bank of America, Mastercard, Wells Fargo & Company, Citigroup, and Capital One Financial are the seven Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are equity shares issued by banks and other depository financial institutions, entitling shareholders to a portion of the institution’s profits (via dividends) and voting rights at shareholder meetings. Their market prices reflect investors’ assessments of a bank’s loan portfolio quality, interest‐rate outlook, regulatory environment and overall economic conditions. As a result, bank stocks can be more sensitive than other equities to changes in monetary policy, credit risk and financial‐sector regulations. 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 stock traded up $7.15 during trading on Friday, reaching $488.83. The company had a trading volume of 39,139,209 shares, compared to its average volume of 36,439,662. The company has a market capitalization of $306.33 billion, a PE ratio of 28.58 and a beta of 1.11. The firm's 50 day simple moving average is $469.56 and its two-hundred day simple moving average is $499.52. Invesco QQQ has a one year low of $402.39 and a one year high of $540.81.
Read Our Latest Research Report on QQQ
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.
JPM stock traded up $5.67 during midday trading on Friday, hitting $252.56. 7,163,689 shares of the company traded hands, compared to its average volume of 9,657,007. The business has a 50 day simple moving average of $238.97 and a 200-day simple moving average of $244.57. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a twelve month low of $188.46 and a twelve month high of $280.25. The stock has a market capitalization of $702.87 billion, a price-to-earnings ratio of 12.79, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01.
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 $0.91 during midday trading on Friday, reaching $41.08. The stock had a trading volume of 41,601,768 shares, compared to its average volume of 39,257,039. The stock has a market capitalization of $312.32 billion, a P/E ratio of 12.76, a PEG ratio of 1.21 and a beta of 1.27. The company has a debt-to-equity ratio of 1.04, a current ratio of 0.78 and a quick ratio of 0.78. Bank of America has a 1-year low of $33.07 and a 1-year high of $48.08. The firm's fifty day simple moving average is $40.01 and its 200-day simple moving average is $43.52.
Read Our Latest Research Report on BAC
Mastercard (MA)
Mastercard Incorporated, a technology company, provides transaction processing and other payment-related products and services in the United States and internationally. The company offers integrated products and value-added services for account holders, merchants, financial institutions, digital partners, businesses, governments, and other organizations, such as programs that enable issuers to provide consumers with credits to defer payments; payment products and solutions that allow its customers to access funds in deposit and other accounts; prepaid programs services; and commercial credit, debit, and prepaid payment products and solutions.
Shares of NYSE:MA traded up $12.55 during midday trading on Friday, hitting $559.18. The company's stock had a trading volume of 2,632,574 shares, compared to its average volume of 2,614,807. Mastercard has a fifty-two week low of $428.86 and a fifty-two week high of $582.23. The company has a debt-to-equity ratio of 2.68, a quick ratio of 1.03 and a current ratio of 1.03. The stock has a market capitalization of $509.81 billion, a price-to-earnings ratio of 40.26, a PEG ratio of 2.37 and a beta of 1.06. The stock's 50 day simple moving average is $532.33 and its 200 day simple moving average is $531.37.
Read Our Latest Research Report on MA
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.
NYSE:WFC traded up $1.95 during mid-day trading on Friday, hitting $73.76. 18,345,997 shares of the company's stock traded hands, compared to its average volume of 17,544,840. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a 50 day moving average of $69.37 and a two-hundred day moving average of $71.81. The firm has a market capitalization of $240.84 billion, a price-to-earnings ratio of 13.71, a price-to-earnings-growth ratio of 1.18 and a beta of 1.02. Wells Fargo & Company has a 12 month low of $50.15 and a 12 month high of $81.50.
Read Our Latest Research Report on WFC
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 traded up $2.43 during mid-day trading on Friday, hitting $70.57. The company's stock had a trading volume of 13,286,259 shares, compared to its average volume of 14,422,068. The stock's 50-day moving average is $68.24 and its two-hundred day moving average is $71.20. The firm has a market capitalization of $132.82 billion, a PE ratio of 11.86, a price-to-earnings-growth ratio of 0.64 and a beta of 1.29. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. Citigroup has a one year low of $53.51 and a one year high of $84.74.
Read Our Latest Research Report on C
Capital One Financial (COF)
Capital One Financial Corporation operates as the financial services holding company for the Capital One, National Association, which engages in the provision of various financial products and services in the United States, Canada, and the United Kingdom. It operates through three segments: Credit Card, Consumer Banking, and Commercial Banking.
Capital One Financial stock traded up $7.64 during mid-day trading on Friday, reaching $187.86. The company had a trading volume of 4,694,490 shares, compared to its average volume of 3,162,044. The company has a quick ratio of 0.98, a current ratio of 0.98 and a debt-to-equity ratio of 0.74. The firm has a market cap of $71.66 billion, a price-to-earnings ratio of 16.21, a PEG ratio of 1.19 and a beta of 1.24. The company has a 50 day moving average of $173.85 and a 200-day moving average of $181.30. Capital One Financial has a 52 week low of $128.23 and a 52 week high of $210.67.
Read Our Latest Research Report on COF
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 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
Market downturns give many investors pause, and for good reason. Wondering how to offset this risk? Enter your email address to learn more about using beta to protect your portfolio.
Get This Free Report
