Best Bank Stocks Worth Watching – April 22nd

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 companies that primarily engage in traditional banking activities such as accepting deposits, providing loans, and offering other financial services. Because their profitability is closely tied to interest rates and economic conditions, these stocks are often viewed as indicators of financial market trends and overall economic health. 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 $13.26 during midday trading on Tuesday, hitting $446.37. The company had a trading volume of 18,305,734 shares, compared to its average volume of 36,446,456. Invesco QQQ has a 12 month low of $402.39 and a 12 month high of $540.81. The firm has a fifty day simple moving average of $480.64 and a 200 day simple moving average of $500.95. The stock has a market cap of $285.63 billion, a price-to-earnings ratio of 28.58 and a beta of 1.11.

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 up $6.15 during trading on Tuesday, reaching $235.14. 2,974,260 shares of the stock traded hands, compared to its average volume of 11,355,322. JPMorgan Chase & Co. has a fifty-two week low of $188.46 and a fifty-two week high of $280.25. The firm has a market cap of $654.39 billion, a price-to-earnings ratio of 11.91, a price-to-earnings-growth ratio of 2.83 and a beta of 1.01. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. The stock’s 50-day moving average price is $243.79 and its 200 day moving average price is $243.22.

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 up $1.21 during midday trading on Tuesday, hitting $38.13. 13,833,068 shares of the stock were exchanged, compared to its average volume of 45,518,066. The stock has a market capitalization of $289.86 billion, a price-to-earnings ratio of 11.84, a P/E/G ratio of 1.21 and a beta of 1.24. Bank of America has a 12 month low of $33.06 and a 12 month high of $48.08. The business’s 50-day moving average price is $41.09 and its 200 day moving average price is $43.63. The company has a debt-to-equity ratio of 1.04, a quick ratio of 0.78 and a current ratio of 0.78.