Best Bank Stocks To Keep An Eye On – June 6th

Invesco QQQ, JPMorgan Chase & Co., Bank of America, Intuit, SoFi Technologies, Wells Fargo & Company, and Citigroup are the seven Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are shares of ownership in banking institutions that trade on public exchanges. Owning these stocks gives investors a claim on a bank’s assets and earnings, which are influenced by interest‐rate movements, loan performance, and regulatory policies. Because banks play a central role in financial markets, their share prices often reflect changes in economic conditions and credit risk. 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 traded up $5.59 on Friday, reaching $530.38. 20,368,389 shares of the company’s stock traded hands, compared to its average volume of 37,864,153. The stock has a market cap of $332.36 billion, a PE ratio of 32.66 and a beta of 1.11. The stock’s 50 day simple moving average is $482.06 and its two-hundred day simple moving average is $501.70. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81.

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 $4.16 on Friday, reaching $266.11. 2,909,122 shares of the company’s stock traded hands, compared to its average volume of 9,522,716. The company has a current ratio of 0.88, a quick ratio of 0.89 and a debt-to-equity ratio of 1.24. The stock has a market cap of $739.55 billion, a PE ratio of 13.47, a PEG ratio of 2.83 and a beta of 1.08. The stock’s 50 day simple moving average is $247.24 and its two-hundred day simple moving average is $249.70. JPMorgan Chase & Co. has a 52-week low of $190.88 and a 52-week high of $280.25.

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 up $0.75 on Friday, reaching $44.87. 13,297,619 shares of the company’s stock traded hands, compared to its average volume of 39,651,285. The company has a current ratio of 0.78, a quick ratio of 0.78 and a debt-to-equity ratio of 1.04. The stock has a market cap of $337.99 billion, a PE ratio of 13.93, a PEG ratio of 1.21 and a beta of 1.27. The stock’s 50 day simple moving average is $40.64 and its two-hundred day simple moving average is $43.51. Bank of America has a 52-week low of $33.07 and a 52-week high of $48.08.

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 $0.79 on Friday, reaching $767.43. 503,586 shares of the company’s stock traded hands, compared to its average volume of 1,614,952. The company has a current ratio of 1.24, a quick ratio of 1.24 and a debt-to-equity ratio of 0.31. The stock has a market cap of $214.07 billion, a PE ratio of 74.62, a PEG ratio of 2.85 and a beta of 1.24. The stock’s 50 day simple moving average is $643.09 and its two-hundred day simple moving average is $625.50. Intuit has a 52-week low of $532.65 and a 52-week high of $774.80.

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.

Shares of SOFI traded up $0.31 on Friday, reaching $13.98. 23,452,632 shares of the company’s stock traded hands, compared to its average volume of 48,801,744. The company has a current ratio of 0.49, a quick ratio of 0.18 and a debt-to-equity ratio of 0.52. The stock has a market cap of $15.45 billion, a PE ratio of 37.80, a PEG ratio of 2.24 and a beta of 1.82. The stock’s 50 day simple moving average is $12.33 and its two-hundred day simple moving average is $14.02. SoFi Technologies has a 52-week low of $6.01 and a 52-week high of $18.42.

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.

NYSE:WFC traded up $1.23 during trading hours on Friday, reaching $76.13. The stock had a trading volume of 4,130,611 shares, compared to its average volume of 17,468,452. The company has a debt-to-equity ratio of 1.07, a quick ratio of 0.85 and a current ratio of 0.86. The stock has a 50 day simple moving average of $70.32 and a 200 day simple moving average of $72.95. Wells Fargo & Company has a 12-month low of $50.15 and a 12-month high of $81.50. The stock has a market cap of $247.75 billion, a P/E ratio of 14.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16.

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 $1.34 during trading hours on Friday, reaching $78.01. The stock had a trading volume of 3,756,133 shares, compared to its average volume of 14,522,699. The company has a debt-to-equity ratio of 1.50, a quick ratio of 0.96 and a current ratio of 0.96. The stock has a 50 day simple moving average of $69.27 and a 200 day simple moving average of $72.66. Citigroup has a 12-month low of $53.51 and a 12-month high of $84.74. The stock has a market cap of $145.70 billion, a P/E ratio of 13.11, a price-to-earnings-growth ratio of 0.64 and a beta of 1.33.