Promising Bank Stocks Worth Watching – May 10th

Invesco QQQ, Affirm, and JPMorgan Chase & Co. are the three Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are shares of publicly traded banking institutions—including commercial, investment, and retail banks—whose performance reflects the health of their lending and deposit‐taking activities. By buying these stocks, investors gain partial ownership in the bank and the right to receive dividends and potential capital gains. Their value is driven primarily by interest‐rate movements, credit quality, regulatory changes and broader economic conditions. 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.

QQQ stock traded down $0.24 during midday trading on Friday, reaching $488.05. The stock had a trading volume of 27,675,907 shares, compared to its average volume of 36,475,758. The firm has a fifty day simple moving average of $467.78 and a two-hundred day simple moving average of $499.24. Invesco QQQ has a 52-week low of $402.39 and a 52-week high of $540.81. The stock has a market cap of $305.84 billion, a PE ratio of 28.58 and a beta of 1.11.

Affirm (AFRM)

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

Shares of AFRM stock traded down $7.82 during mid-day trading on Friday, reaching $46.44. The stock had a trading volume of 32,018,937 shares, compared to its average volume of 8,441,063. The business’s fifty day moving average is $46.42 and its 200-day moving average is $56.60. The firm has a market cap of $14.77 billion, a price-to-earnings ratio of -71.45 and a beta of 3.66. Affirm has a 1-year low of $22.25 and a 1-year high of $82.53. The company has a current ratio of 11.26, a quick ratio of 11.26 and a debt-to-equity ratio of 2.68.

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.

JPM traded down $0.27 during trading on Friday, reaching $253.20. 5,083,987 shares of the company’s stock were exchanged, compared to its average volume of 9,625,953. The company has a debt-to-equity ratio of 1.24, a current ratio of 0.88 and a quick ratio of 0.89. JPMorgan Chase & Co. has a 1 year low of $190.88 and a 1 year high of $280.25. The company’s fifty day simple moving average is $238.28 and its 200-day simple moving average is $245.52. The stock has a market capitalization of $703.67 billion, a P/E ratio of 12.83, a price-to-earnings-growth ratio of 2.83 and a beta of 1.07.