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Sergey Savastiouk's Avatar
published in Blogs
Apr 03, 2018

Banks Ignore Cryptocurrency but Embrace Blockchain

Banks remain skeptical of, if not outright hostile towards, cryptocurrency. They are inversely bullish, however, about its underlying technology – blockchain. This decentralized, public transaction ledger has been embraced by financial institutions for its transparency, speed, and security (as well as its potential to cut costs), and creative uses are being regularly implemented in different sectors. Now, JPMorgan has announced potential plans to spin-off its blockchain network, Quorum, into an independent company.

Quorum, which shares 95 percent of its software with cryptocurrency Ethereum’s blockchain, is an “enterprise-focused version of Ethereum…ideal for any application requiring high speed and high throughput processing of private transactions within a permissioned group of known participants” aimed at addressing “specific challenges to blockchain technology adoption within the financial industry, and beyond.”

The open-source project began in 2016, becoming part of the Ethereum Enterprise Alliance (EEA) in February of 2017. The EEA, which was developed to further the development of the Ethereum blockchain for business use, counts heavyweights like Santander and MasterCard as members. Since its launch, Quorum has attracted some significant international clients, with users including Microsoft, Genentech, and Pfizer.

Amber Baldet, the former product development lead for the project who recently left to found her own blockchain venture, spoke at March’s EthCC conference about using Quorum to further a spirit of collaboration between different networks. Baldet described the problems faced by blockchain designers as “[not] so far apart,” – in her estimation, differences between developers are based on approach, not overarching goals.

 

 

Meanwhile, banks remain hungry for developments related to the technology – continued success means simplifying their business infrastructure, reducing costs, and making processes like securities settlement more streamlined, or payment processing instantaneous.

Talks about turning Quorum into an independent company are in their early stages. Executives are said to be determining if the increased autonomy resulting from a spin-off would allow Quorum to support new open-source projects with additional partners. Brian Marchiony, a JPMorgan spokesman, said in a statement that “[JPMorgan continues]to believe distributed ledger technology will play a transformative role in business, which is why [they] are actively building multiple blockchain solutions…Quorum has become an extremely successful enterprise platform even beyond financial services and we’re excited about its potential.” No matter which fate JPMorgan executives choose for Quorum, banks are ready to continue betting big on blockchain and its transformative powers for their industry.

Related Ticker: MA

MA's MACD Histogram crosses above signal line

The Moving Average Convergence Divergence (MACD) for MA turned positive on November 26, 2025. Looking at past instances where MA's MACD turned positive, the stock continued to rise in of 47 cases over the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The RSI Oscillator points to a transition from a downward trend to an upward trend -- in cases where MA's RSI Indicator exited the oversold zone, of 25 resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 63 cases where MA's Stochastic Oscillator exited the oversold zone resulted in an increase in price. Tickeron's analysis proposes that the odds of a continued upward trend are .

Following a 3-day Advance, the price is estimated to grow further. Considering data from situations where MA advanced for three days, in of 344 cases, the price rose further within the following month. The odds of a continued upward trend are .

MA may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options.

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on November 14, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on MA as a result. In of 84 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .

Following a 3-day decline, the stock is projected to fall further. Considering past instances where MA declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

The Aroon Indicator for MA entered a downward trend on November 26, 2025. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.

The Tickeron SMR rating for this company is (best 1 - 100 worst), indicating very strong sales and a profitable business model. SMR (Sales, Margin, Return on Equity) rating is based on comparative analysis of weighted Sales, Income Margin and Return on Equity values compared against S&P 500 index constituents. The weighted SMR value is a proprietary formula developed by Tickeron and represents an overall profitability measure for a stock.

The Tickeron Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating low risk on high returns. The average Profit vs. Risk Rating rating for the industry is 73, placing this stock better than average.

The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is fair valued in the industry. The Tickeron Seasonality score describes the variance of predictable price changes around the same period every calendar year. These changes can be tied to a specific month, quarter, holiday or vacation period, as well as a meteorological or growing season.

The Tickeron PE Growth Rating for this company is (best 1 - 100 worst), pointing to average earnings growth. The PE Growth rating is based on a comparative analysis of stock PE ratio increase over the last 12 months compared against S&P 500 index constituents.

The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating fairly steady price growth. MA’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of (best 1 - 100 worst) indicates that the company is significantly overvalued in the industry. This rating compares market capitalization estimated by our proprietary formula with the current market capitalization. This rating is based on the following metrics, as compared to industry averages: P/B Ratio (61.728) is normal, around the industry mean (12.323). P/E Ratio (34.842) is within average values for comparable stocks, (37.290). Projected Growth (PEG Ratio) (1.770) is also within normal values, averaging (1.404). MA has a moderately low Dividend Yield (0.006) as compared to the industry average of (0.040). P/S Ratio (15.773) is also within normal values, averaging (128.888).

Notable companies

The most notable companies in this group are VISA (NYSE:V), Mastercard (NYSE:MA), American Express Company (NYSE:AXP), Capital One Financial (NYSE:COF), PayPal Holdings (NASDAQ:PYPL), Synchrony Financial (NYSE:SYF), SLM Corp (NASDAQ:SLM), Bread Financial Holdings (NYSE:BFH), Qudian (NYSE:QD), LexinFintech Holdings Ltd (NASDAQ:LX).

Industry description

A savings bank primary function is to take deposits and paying interest on those deposits. Originating in Europe during the 18th century, these banks were generally introduced to incentivize people of all stripes to save money and park them with banks. By the 1990s, the internet ushered in online savings banks that allowed savers to deposit/transact with banks digitally, without requiring to visit a branch office. Savings banks have potentially encouraged lower-income population to save and have access to a financial institution to earn interest on their money. New York Community Bancorp, Inc, Webster Financial Corporation, Washington Federal, Inc. are examples of savings banks.

Market Cap

The average market capitalization across the Savings Banks Industry is 21.42B. The market cap for tickers in the group ranges from 3.3M to 644.18B. V holds the highest valuation in this group at 644.18B. The lowest valued company is DXF at 3.3M.

High and low price notable news

The average weekly price growth across all stocks in the Savings Banks Industry was 3%. For the same Industry, the average monthly price growth was -5%, and the average quarterly price growth was 8%. LPRO experienced the highest price growth at 29%, while XYF experienced the biggest fall at -26%.

Volume

The average weekly volume growth across all stocks in the Savings Banks Industry was -24%. For the same stocks of the Industry, the average monthly volume growth was -29% and the average quarterly volume growth was -30%

Fundamental Analysis Ratings

The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows

Valuation Rating: 51
P/E Growth Rating: 56
Price Growth Rating: 58
SMR Rating: 56
Profit Risk Rating: 73
Seasonality Score: 12 (-100 ... +100)
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MA
Daily Signal:
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published price charts
These past five trading days, the stock lost 0.00% with an average daily volume of 0 shares traded.The stock tracked a drawdown of 0% for this period. MA showed earnings on October 30, 2025. You can read more about the earnings report here.
A.I. Advisor
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General Information

a company, which offers payment solutions

Industry SavingsBanks

Profile
Fundamentals
Details
Industry
Finance Or Rental Or Leasing
Address
2000 Purchase Street
Phone
+1 914 249-2000
Employees
33400
Web
https://www.mastercard.com
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