Best Bank Stocks To Follow Now – March 30th

Invesco QQQ, JPMorgan Chase & Co., Mastercard, Bank of America, PayPal, Vertiv, and Wells Fargo & Company are the seven Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are shares of companies that operate in the financial sector, primarily offering services like accepting deposits, providing loans, and managing investments. Their performance is often closely linked to economic cycles and interest rate fluctuations, making them key indicators of 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 down $12.68 on Friday, hitting $468.94. The company had a trading volume of 46,247,899 shares, compared to its average volume of 35,068,030. The business has a 50 day moving average of $508.43 and a 200 day moving average of $505.09. Invesco QQQ has a 52-week low of $413.07 and a 52-week high of $540.81. The company has a market cap of $295.55 billion, a PE ratio of 30.74 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.

Shares of NYSE JPM traded down $5.16 during midday trading on Friday, reaching $242.97. 11,975,314 shares of the stock were exchanged, compared to its average volume of 9,343,658. The stock has a 50 day moving average price of $257.55 and a 200-day moving average price of $240.54. 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 company has a market capitalization of $679.36 billion, a P/E ratio of 12.31, a P/E/G ratio of 2.83 and a beta of 1.10. JPMorgan Chase & Co. has a 52-week low of $179.20 and a 52-week high of $280.25.

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.

MA stock traded down $17.01 during midday trading on Friday, hitting $540.57. The stock had a trading volume of 2,656,417 shares, compared to its average volume of 2,537,525. The company’s 50-day moving average price is $550.58 and its 200 day moving average price is $526.92. The company has a debt-to-equity ratio of 2.68, a current ratio of 1.03 and a quick ratio of 1.03. The firm has a market cap of $492.84 billion, a PE ratio of 38.92, a price-to-earnings-growth ratio of 2.37 and a beta of 1.10. Mastercard has a 12-month low of $428.86 and a 12-month high of $582.23.

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 stock traded down $1.33 during mid-day trading on Friday, hitting $41.24. 34,246,524 shares of the company’s stock were exchanged, compared to its average volume of 37,258,257. The stock has a market cap of $313.50 billion, a price-to-earnings ratio of 12.81, a PEG ratio of 1.21 and a beta of 1.32. The stock has a 50-day simple moving average of $44.45 and a two-hundred day simple moving average of $43.89. Bank of America has a fifty-two week low of $34.15 and a fifty-two week high of $48.08. The company has a quick ratio of 0.78, a current ratio of 0.78 and a debt-to-equity ratio of 1.04.

PayPal (PYPL)

PayPal Holdings, Inc. operates a technology platform that enables digital payments on behalf of merchants and consumers worldwide. It operates a two-sided network at scale that connects merchants and consumers that enables its customers to connect, transact, and send and receive payments through online and in person, as well as transfer and withdraw funds using various funding sources, such as bank accounts, PayPal or Venmo account balance, PayPal and Venmo branded credit products comprising its installment products, credit and debit cards, and cryptocurrencies, as well as other stored value products, including gift cards and eligible rewards.

NASDAQ:PYPL traded down $3.71 during mid-day trading on Friday, reaching $65.15. The company’s stock had a trading volume of 16,521,449 shares, compared to its average volume of 11,225,267. PayPal has a twelve month low of $56.97 and a twelve month high of $93.66. The company’s fifty day simple moving average is $76.28 and its two-hundred day simple moving average is $80.82. The company has a debt-to-equity ratio of 0.48, a current ratio of 1.26 and a quick ratio of 1.26. The stock has a market cap of $64.45 billion, a P/E ratio of 16.25, a P/E/G ratio of 1.27 and a beta of 1.52.

Vertiv (VRT)

Vertiv Holdings Co, together with its subsidiaries, designs, manufactures, and services critical digital infrastructure technologies and life cycle services for data centers, communication networks, and commercial and industrial environments in the Americas, the Asia Pacific, Europe, the Middle East, and Africa.

Shares of VRT traded down $2.00 during mid-day trading on Friday, hitting $74.32. The company had a trading volume of 13,141,363 shares, compared to its average volume of 8,746,925. Vertiv has a 1-year low of $62.40 and a 1-year high of $155.84. The company has a quick ratio of 1.02, a current ratio of 1.65 and a debt-to-equity ratio of 1.19. The business’s 50-day simple moving average is $102.74 and its 200-day simple moving average is $111.48. The stock has a market cap of $28.30 billion, a PE ratio of 58.06, a P/E/G ratio of 1.07 and a beta of 1.71.

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 WFC traded down $1.57 during mid-day trading on Friday, reaching $70.71. The company had a trading volume of 13,550,316 shares, compared to its average volume of 17,140,434. The stock has a market cap of $230.87 billion, a price-to-earnings ratio of 13.14, a price-to-earnings-growth ratio of 1.18 and a beta of 1.16. The company has a current ratio of 0.86, a quick ratio of 0.85 and a debt-to-equity ratio of 1.07. The firm has a fifty day simple moving average of $75.84 and a 200-day simple moving average of $70.03. Wells Fargo & Company has a fifty-two week low of $50.15 and a fifty-two week high of $81.50.