Promising Bank Stocks To Research - May 8th

Invesco QQQ, Walt Disney, JPMorgan Chase & Co., Wells Fargo & Company, and Bank of America are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are equity securities issued by publicly traded banking institutions, representing fractional ownership in commercial, savings, or investment banks. Shareholders in bank stocks are entitled to a proportionate share of the bank’s earnings and assets, typically receiving dividends and benefiting from capital appreciation. Their performance is driven by factors such as interest‐rate movements, loan quality, regulatory developments, and overall economic conditions. 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 Invesco QQQ stock traded up $8.73 on Thursday, hitting $492.03. The company's stock had a trading volume of 19,853,809 shares, compared to its average volume of 36,350,731. The company has a market capitalization of $308.33 billion, a P/E ratio of 28.58 and a beta of 1.11. The firm has a fifty day moving average price of $468.11 and a 200-day moving average price of $499.34. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

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Walt Disney (DIS)

The Walt Disney Company operates as an entertainment company worldwide. It operates through three segments: Entertainment, Sports, and Experiences. The company produces and distributes film and television video streaming content under the ABC Television Network, Disney, Freeform, FX, Fox, National Geographic, and Star brand television channels, as well as ABC television stations and A+E television networks; and produces original content under the ABC Signature, Disney Branded Television, FX Productions, Lucasfilm, Marvel, National Geographic Studios, Pixar, Searchlight Pictures, Twentieth Century Studios, 20th Television, and Walt Disney Pictures banners.

Shares of DIS traded up $3.64 during mid-day trading on Thursday, reaching $105.73. The company had a trading volume of 8,075,658 shares, compared to its average volume of 10,025,772. The firm has a fifty day simple moving average of $94.07 and a 200-day simple moving average of $104.04. The stock has a market cap of $191.14 billion, a price-to-earnings ratio of 34.31, a price-to-earnings-growth ratio of 1.80 and a beta of 1.49. The company has a current ratio of 0.68, a quick ratio of 0.62 and a debt-to-equity ratio of 0.36. Walt Disney has a fifty-two week low of $80.10 and a fifty-two week high of $118.63.

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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 traded up $5.72 during trading on Thursday, reaching $255.11. The company's stock had a trading volume of 2,772,530 shares, compared to its average volume of 9,614,695. The company has a fifty day moving average of $238.34 and a two-hundred day moving average of $245.11. JPMorgan Chase & Co. has a twelve month low of $190.88 and a twelve month high of $280.25. The company has a market cap of $709.98 billion, a price-to-earnings ratio of 12.92, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24.

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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 NYSE:WFC traded up $0.55 on Thursday, reaching $73.73. 8,338,155 shares of the company's stock were exchanged, compared to its average volume of 17,504,886. The company has a quick ratio of 0.85, a current ratio of 0.86 and a debt-to-equity ratio of 1.07. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50. The business's 50-day moving average is $69.15 and its two-hundred day moving average is $72.01. The firm has a market capitalization of $239.92 billion, a price-to-earnings ratio of 13.70, a PEG ratio of 1.18 and a beta of 1.13.

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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.

Shares of NYSE:BAC traded up $1.04 during trading on Thursday, hitting $41.97. 13,993,654 shares of the company traded hands, compared to its average volume of 39,167,922. Bank of America has a one year low of $33.07 and a one year high of $48.08. The stock has a market capitalization of $316.08 billion, a price-to-earnings ratio of 13.03, a PEG ratio of 1.21 and a beta of 1.27. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.04. The business's fifty day moving average is $39.78 and its 200-day moving average is $43.48.

Read Our Latest Research Report on BAC