Promising Bank Stocks To Keep An Eye On – August 12th

Invesco QQQ, JPMorgan Chase & Co., and Bank of America are the three Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are shares of publicly traded banking institutions, representing fractional ownership in these financial companies. Their market value is influenced by factors such as interest-rate movements, regulatory changes, and the overall health of the credit market. Investors often hold bank stocks for their dividend yields and potential capital appreciation, though they carry risks tied to economic cycles and loan performance. 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 NASDAQ QQQ traded up $6.16 during trading hours on Tuesday, reaching $579.01. The stock had a trading volume of 23,875,785 shares, compared to its average volume of 44,705,176. The firm has a 50-day moving average of $550.00 and a 200-day moving average of $512.39. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $578.79.

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 $4.03 during mid-day trading on Tuesday, hitting $293.59. The company’s stock had a trading volume of 3,367,721 shares, compared to its average volume of 9,952,091. The company has a current ratio of 0.88, a quick ratio of 0.88 and a debt-to-equity ratio of 1.25. The firm has a 50-day simple moving average of $284.24 and a 200 day simple moving average of $262.86. The firm has a market capitalization of $807.31 billion, a P/E ratio of 15.07, a P/E/G ratio of 1.93 and a beta of 1.11. JPMorgan Chase & Co. has a 1-year low of $200.61 and a 1-year high of $301.29.

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.

BAC stock traded up $1.43 during midday trading on Tuesday, hitting $47.59. 16,822,091 shares of the stock were exchanged, compared to its average volume of 42,489,035. The stock’s 50-day moving average price is $46.47 and its 200-day moving average price is $43.74. The stock has a market cap of $352.47 billion, a price-to-earnings ratio of 13.93, a PEG ratio of 1.79 and a beta of 1.31. Bank of America has a fifty-two week low of $33.06 and a fifty-two week high of $49.31. The company has a debt-to-equity ratio of 1.14, a quick ratio of 0.79 and a current ratio of 0.80.