Bank Stocks To Keep An Eye On – July 15th

Invesco QQQ, Wells Fargo & Company, JPMorgan Chase & Co., Citigroup, and BlackRock are the five Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are shares of publicly traded banking institutions that give investors partial ownership in those banks and entitle them to a proportion of the bank’s profits and potential dividends. Their performance is driven by factors such as interest‐rate movements, loan demand, credit quality and regulatory changes, making them both an indicator of broader economic health and a vehicle for financial returns. 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 $3.09 during midday trading on Tuesday, hitting $559.30. 18,946,586 shares of the company were exchanged, compared to its average volume of 39,332,402. Invesco QQQ has a fifty-two week low of $402.39 and a fifty-two week high of $560.70. The company has a fifty day simple moving average of $528.46 and a 200 day simple moving average of $505.81.

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 down $4.56 on Tuesday, hitting $78.87. The company’s stock had a trading volume of 23,720,813 shares, compared to its average volume of 17,309,762. The company has a debt-to-equity ratio of 1.06, a current ratio of 0.84 and a quick ratio of 0.84. The company has a market capitalization of $256.65 billion, a price-to-earnings ratio of 14.17, a price-to-earnings-growth ratio of 1.39 and a beta of 1.16. The stock has a 50 day moving average of $76.61 and a 200-day moving average of $73.97. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $83.95.

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 down $1.95 during trading hours on Tuesday, reaching $286.75. 5,341,202 shares of the company were exchanged, compared to its average volume of 9,512,758. JPMorgan Chase & Co. has a 52-week low of $190.90 and a 52-week high of $296.40. The stock has a 50 day simple moving average of $271.71 and a 200 day simple moving average of $256.81. The firm has a market cap of $796.92 billion, a price-to-earnings ratio of 14.10, a PEG ratio of 2.62 and a beta of 1.10. The company has a debt-to-equity ratio of 1.23, a current ratio of 0.89 and a quick ratio of 0.89.

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.

NYSE C traded up $2.59 during trading hours on Tuesday, reaching $90.09. 14,670,737 shares of the company traded hands, compared to its average volume of 14,550,254. Citigroup has a 12 month low of $53.51 and a 12 month high of $90.64. The company has a current ratio of 0.98, a quick ratio of 0.98 and a debt-to-equity ratio of 1.52. The stock has a market capitalization of $168.27 billion, a PE ratio of 14.23, a PEG ratio of 0.67 and a beta of 1.34. The company has a 50 day moving average of $78.74 and a two-hundred day moving average of $74.92.

BlackRock (BLK)

BlackRock, Inc. is a publicly owned investment manager. The firm primarily provides its services to institutional, intermediary, and individual investors including corporate, public, union, and industry pension plans, insurance companies, third-party mutual funds, endowments, public institutions, governments, foundations, charities, sovereign wealth funds, corporations, official institutions, and banks.

Shares of BlackRock stock traded down $61.95 during trading hours on Tuesday, reaching $1,049.51. The company’s stock had a trading volume of 1,031,094 shares, compared to its average volume of 695,217. The stock has a market cap of $162.60 billion, a P/E ratio of 25.47, a price-to-earnings-growth ratio of 2.22 and a beta of 1.41. The company’s 50 day simple moving average is $1,000.47 and its 200 day simple moving average is $970.92. BlackRock has a one year low of $773.74 and a one year high of $1,133.55. The company has a debt-to-equity ratio of 0.38, a quick ratio of 4.34 and a current ratio of 4.34.