Banks like $BNS, $BMO, $PNC, $TFC, $MTB, and others have experienced a roughly 10% decline over the year.
"Nine banks have remained in negative territory over the year while showing short-term growth signals. For more signals, you can subscribe to our robots at AI-ROBOTS."
Notable companies The most notable companies in this group include PNC Financial Services Group (NYSE:PNC), Regions Financial Corp (NYSE:RF), and Huntington Bancshares (NASDAQ:HBAN).
Market Cap The average market capitalization across the group is $31.2 billion, with market caps for tickers in the group ranging from $12.7 billion to $58.7 billion. BMO boasts the highest valuation in this group at $58.7 billion, while CFG is the lowest valued company at $12.7 billion.
High and low price notable news The average weekly price growth across all stocks in the group was 3.5%. However, the average monthly price growth was -2.95%, and the average quarterly price growth was -4.71%. TFC experienced the highest price growth at 8.96%, while RF experienced the most significant decline at -0.43%.
10/11/23 2:10 PM: Truist Financial (TFC, $29.25) was a top weekly gainer, surging by +7.58%. 10/11/23 2:10 PM: Citizens Financial Group (CFG, $26.81) was also among the top weekly gainers, with a +5.34% increase. 10/11/23 2:10 PM: M&T Bank (MTB, $126.93) showed significant weekly growth, rising by +5.21%.
Volume The average weekly volume growth across all stocks in the group was 6.69%. For the same group of stocks, the average monthly volume growth was 26.51%, and the average quarterly volume growth was -4.07%.
10/7/23 11:00 AM: Bank of Nova Scotia stock experienced four consecutive days of increased volume, resulting in a remarkable daily growth of 111% compared to the 65-Day Volume Moving Average. 3/17/23 6:56 AM: Truist Financial stock witnessed three consecutive days of increased volume, with a daily growth of 366% compared to the 65-Day Volume Moving Average. 3/17/23 6:56 AM: Huntington Bancshares stock also had three consecutive days of increased volume, with a daily growth of 265% compared to the 65-Day Volume Moving Average.
Fundamental Analysis Ratings The average fundamental analysis ratings, where 1 is the best and 100 is the worst, are as follows:
Valuation Rating: 59 P/E Growth Rating: 72 Price Growth Rating: 59 SMR Rating: 4 Profit Risk Rating: 95 Seasonality Score: 55 (-100 ... +100)
BNS's RSI Indicator moved out of oversold territory on October 5, 2023, signaling a potential shift from a downward to an upward trend. There's a 60% chance of a price increase.
BMO might experience an upward trend after breaking its lower Bollinger Band on October 2, 2023. There's a 62% chance of continued upward movement.
PNC saw its Momentum Indicator turn positive on October 10, 2023, indicating a potential new upward trend. There's a 71% chance of the price moving higher.
TFC's Stochastic Indicator left oversold territory on October 9, 2023, which is a bullish sign. There's a 72% chance of a price increase.
MTB also saw its Momentum Indicator turn positive on October 10, 2023, suggesting a potential new upward trend. There's a 71% chance of a price increase.
FITB might experience an upward trend after breaking its lower Bollinger Band on September 27, 2023, with a 77% chance of continued upward movement.
RF's RSI Oscillator moved out of oversold territory on October 10, 2023, signaling a potential shift from a downward to an upward trend. There's a 77% chance of a price increase.
HBAN saw its Momentum Indicator turn positive on October 10, 2023, indicating a potential new upward trend. There's a 78% chance of the price moving higher.
CFG also experienced a positive shift in its Momentum Indicator on October 10, 2023, suggesting a potential new upward trend with an 80% chance of the price increasing.
BNS in +2.48% Uptrend, advancing for three consecutive days on October 16, 2024
Moving higher for three straight days is viewed as a bullish sign. Keep an eye on this stock for future growth. Considering data from situations where BNS advanced for three days, in of 332 cases, the price rose further within the following month. The odds of a continued upward trend are .
Technical Analysis (Indicators)
Bullish Trend Analysis
The Stochastic Oscillator demonstrated that the ticker has stayed in the oversold zone for 1 day, which means it's wise to expect a price bounce in the near future.
The Aroon Indicator entered an Uptrend today. In of 246 cases where BNS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are .
Bearish Trend Analysis
The 10-day RSI Indicator for BNS moved out of overbought territory on October 02, 2024. This could be a bearish sign for the stock. Traders may want to consider selling the stock or buying put options. Tickeron's A.I.dvisor looked at 35 similar instances where the indicator moved out of overbought territory. In of the 35 cases, the stock moved lower in the following days. This puts the odds of a move lower at .
The Momentum Indicator moved below the 0 level on October 25, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BNS as a result. In of 80 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are .
The Moving Average Convergence Divergence Histogram (MACD) for BNS turned negative on October 02, 2024. This could be a sign that the stock is set to turn lower in the coming weeks. Traders may want to sell the stock or buy put options. Tickeron's A.I.dvisor looked at 40 similar instances when the indicator turned negative. In of the 40 cases the stock turned lower in the days that followed. This puts the odds of success at .
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BNS 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 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 PE Growth Rating for this company is (best 1 - 100 worst), pointing to outstanding 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. BNS’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 fair valued 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 (1.188) is normal, around the industry mean (0.958). P/E Ratio (11.137) is within average values for comparable stocks, (8.937). Projected Growth (PEG Ratio) (1.526) is also within normal values, averaging (2.643). Dividend Yield (0.062) settles around the average of (0.054) among similar stocks. P/S Ratio (2.554) is also within normal values, averaging (2.460).
The Tickeron Seasonality Score of (best 1 - 100 worst) indicates that the company is slightly overvalued 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating that the returns do not compensate for the risks. BNS’s unstable profits reported over time resulted in significant Drawdowns within these last five years. A stable profit reduces stock drawdown and volatility. The average Profit vs. Risk Rating rating for the industry is 45, placing this stock worse than average.
Notable companies
Industry description
Market Cap
High and low price notable news
Volume
Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
General Information
a major bank
Industry MajorBanks