Invesco QQQ, JPMorgan Chase & Co., SoFi Technologies, Bank of America, and Citigroup are the five Bank stocks to watch today, according to MarketBeat's stock screener tool. Bank stocks are shares of publicly traded banking institutions whose revenues primarily come from interest on loans, fees for financial services, and trading activities. As components of the financial sector, their market value is highly sensitive to changes in interest rates, credit quality, and overall economic conditions. Investors evaluate bank stocks by examining metrics such as capital adequacy, loan portfolios, and regulatory compliance. 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 down $7.68 during trading on Friday, reaching $557.33. 36,625,807 shares of the stock were exchanged, compared to its average volume of 44,719,484. The stock's fifty day moving average is $543.12 and its 200 day moving average is $510.39. Invesco QQQ has a 1 year low of $402.39 and a 1 year high of $574.63.
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.
Shares of JPMorgan Chase & Co. stock traded down $4.98 during trading on Friday, reaching $291.26. 4,450,401 shares of the stock were exchanged, compared to its average volume of 10,076,836. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.25. The stock's fifty day moving average is $280.47 and its 200 day moving average is $261.28. The firm has a market cap of $809.44 billion, a price-to-earnings ratio of 14.96, a price-to-earnings-growth ratio of 2.02 and a beta of 1.10. JPMorgan Chase & Co. has a 1 year low of $190.90 and a 1 year high of $301.29.
Read Our Latest Research Report on JPM
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.
SOFI stock traded down $0.92 during trading on Friday, reaching $21.66. The company had a trading volume of 49,746,521 shares, compared to its average volume of 60,540,609. SoFi Technologies has a 52 week low of $6.01 and a 52 week high of $25.11. The business has a 50 day moving average of $17.43 and a 200 day moving average of $14.82. The company has a market cap of $23.94 billion, a P/E ratio of 45.02, a PEG ratio of 2.57 and a beta of 1.91. The company has a debt-to-equity ratio of 0.46, a current ratio of 0.80 and a quick ratio of 0.14.
Read Our Latest Research Report on SOFI
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 down $1.52 on Friday, reaching $45.76. 20,298,974 shares of the company's stock traded hands, compared to its average volume of 42,816,730. Bank of America has a 12 month low of $33.06 and a 12 month high of $49.31. The business's 50 day simple moving average is $46.22 and its two-hundred day simple moving average is $43.81. The company has a market cap of $344.62 billion, a price-to-earnings ratio of 13.38, a price-to-earnings-growth ratio of 1.87 and a beta of 1.30. The company has a quick ratio of 0.79, a current ratio of 0.80 and a debt-to-equity ratio of 1.14.
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.
Shares of C traded down $2.24 on Friday, hitting $91.46. 8,902,909 shares of the stock traded hands, compared to its average volume of 15,884,823. The company has a market capitalization of $170.83 billion, a PE ratio of 13.51, a P/E/G ratio of 0.82 and a beta of 1.34. The company has a debt-to-equity ratio of 1.61, a quick ratio of 0.98 and a current ratio of 0.99. The business has a 50 day simple moving average of $83.98 and a 200 day simple moving average of $76.86. Citigroup has a one year low of $53.51 and a one year high of $96.90.
Read Our Latest Research Report on C
Recommended Stories
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
Enter your email address and we'll send you MarketBeat's list of seven stocks and why their long-term outlooks are very promising.
Get This Free Report
