Top Bank Stocks To Keep An Eye On – June 2nd

Invesco QQQ, JPMorgan Chase & Co., Intuit, Bank of America, and Mastercard are the five Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are publicly traded shares of banking institutions that represent fractional ownership in those firms. Their performance hinges on factors such as net interest margins, loan portfolio quality, regulatory capital requirements and overall economic conditions. Investors commonly evaluate metrics like price-to-book ratios, non-performing asset levels and return on equity when assessing bank stocks. 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 $1.65 on Monday, hitting $520.76. 23,209,668 shares of the stock were exchanged, compared to its average volume of 44,906,777. The firm has a market capitalization of $326.33 billion, a P/E ratio of 30.62 and a beta of 1.11. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $540.81. The business has a 50-day moving average of $478.06 and a 200 day moving average of $500.97.

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 NYSE JPM traded up $0.22 during trading hours on Monday, hitting $264.22. The company’s stock had a trading volume of 2,296,858 shares, compared to its average volume of 10,547,240. The business has a 50-day simple moving average of $245.86 and a 200-day simple moving average of $249.24. The stock has a market cap of $734.28 billion, a price-to-earnings ratio of 13.38, a P/E/G ratio of 2.83 and a beta of 1.07. The company has a debt-to-equity ratio of 1.24, a quick ratio of 0.89 and a current ratio of 0.88. JPMorgan Chase & Co. has a 12 month low of $190.88 and a 12 month high of $280.25.

Intuit (INTU)

Intuit Inc. provides financial management and compliance products and services for consumers, small businesses, self-employed, and accounting professionals in the United States, Canada, and internationally. The company operates in four segments: Small Business & Self-Employed, Consumer, Credit Karma, and ProTax.

Shares of INTU traded up $7.74 during mid-day trading on Monday, hitting $761.21. The company’s stock had a trading volume of 694,112 shares, compared to its average volume of 1,872,884. The company’s 50-day moving average is $630.69 and its 200-day moving average is $622.38. Intuit has a 52-week low of $532.65 and a 52-week high of $762.47. The firm has a market capitalization of $212.34 billion, a price-to-earnings ratio of 73.90, a PEG ratio of 2.85 and a beta of 1.24. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31.

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 BAC traded down $0.27 during mid-day trading on Monday, hitting $43.86. The company’s stock had a trading volume of 11,313,104 shares, compared to its average volume of 43,877,074. The company’s 50-day moving average is $40.46 and its 200-day moving average is $43.53. Bank of America has a 52-week low of $33.06 and a 52-week high of $48.08. The firm has a market capitalization of $330.34 billion, a price-to-earnings ratio of 13.62, a PEG ratio of 1.21 and a beta of 1.27. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04.

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 MA traded down $7.97 during mid-day trading on Monday, hitting $577.64. The company’s stock had a trading volume of 787,029 shares, compared to its average volume of 2,602,856. The company has a current ratio of 1.03, a quick ratio of 1.03 and a debt-to-equity ratio of 2.68. The firm has a market capitalization of $526.63 billion, a price-to-earnings ratio of 41.57, a PEG ratio of 2.37 and a beta of 1.06. The company’s 50-day moving average is $543.93 and its 200-day moving average is $539.80. Mastercard has a 52-week low of $428.86 and a 52-week high of $588.45.