Promising Bank Stocks To Watch Now - August 4th

Key Points

• Invesco QQQ, SoFi Technologies, JPMorgan Chase & Co., Mastercard, and Vertiv are highlighted as the top bank stocks to monitor based on their recent trading volume.
• JPMorgan Chase & Co. has a market capitalization of $812.37 billion and trades at a P/E ratio of 15.00, indicating solid market performance within the financial sector.
• SoFi Technologies has shown significant stock movement, hitting $21.23 with a notable trading volume of approximately 28.69 million shares compared to its average volume.

Invesco QQQ, SoFi Technologies, JPMorgan Chase & Co., Mastercard, and Vertiv are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are publicly traded shares of banking institutions, giving investors ownership stakes and a claim on the bank’s earnings and assets. Their performance is driven by factors such as interest‐rate movements, loan‐loss provisions, 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.

NASDAQ QQQ traded up $9.41 during mid-day trading on Monday, hitting $563.29. The company's stock had a trading volume of 23,257,270 shares, compared to its average volume of 44,811,938. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $574.63. The stock's fifty day simple moving average is $544.01 and its two-hundred day simple moving average is $510.67.

Read Our Latest Research Report on QQQ

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.

NASDAQ SOFI traded down $0.01 during mid-day trading on Monday, hitting $21.23. The company's stock had a trading volume of 28,690,996 shares, compared to its average volume of 60,610,727. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $25.11. The stock's fifty day simple moving average is $17.59 and its two-hundred day simple moving average is $14.86. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14. The firm has a market capitalization of $23.46 billion, a P/E ratio of 44.11, a price-to-earnings-growth ratio of 2.52 and a beta of 1.93.

Read Our Latest Research Report on SOFI

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 $2.95 during mid-day trading on Monday, hitting $292.32. The company's stock had a trading volume of 1,912,597 shares, compared to its average volume of 10,074,560. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $301.29. The stock's fifty day simple moving average is $281.04 and its two-hundred day simple moving average is $261.69. The company has a debt-to-equity ratio of 1.25, a current ratio of 0.88 and a quick ratio of 0.89. The firm has a market capitalization of $812.37 billion, a P/E ratio of 15.00, a price-to-earnings-growth ratio of 1.94 and a beta of 1.11.

Read Our Latest Research Report on JPM

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.

NYSE:MA traded up $5.25 during trading hours on Monday, hitting $565.14. The stock had a trading volume of 959,964 shares, compared to its average volume of 2,819,894. The company has a current ratio of 1.16, a quick ratio of 1.16 and a debt-to-equity ratio of 2.41. Mastercard has a 1-year low of $439.59 and a 1-year high of $594.71. The business has a 50 day simple moving average of $564.58 and a two-hundred day simple moving average of $552.15. The company has a market cap of $515.24 billion, a PE ratio of 38.11, a price-to-earnings-growth ratio of 2.41 and a beta of 1.03.

Read Our Latest Research Report on MA

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

NYSE:VRT traded down $1.20 during trading hours on Monday, hitting $140.39. The stock had a trading volume of 3,103,984 shares, compared to its average volume of 9,503,101. The company has a current ratio of 1.74, a quick ratio of 1.35 and a debt-to-equity ratio of 0.93. Vertiv has a 1-year low of $53.60 and a 1-year high of $155.84. The business has a 50 day simple moving average of $122.46 and a two-hundred day simple moving average of $104.48. The company has a market cap of $53.50 billion, a PE ratio of 67.14, a price-to-earnings-growth ratio of 1.25 and a beta of 1.77.

Read Our Latest Research Report on VRT

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.