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Oct 12, 2023
TickeronGET DAILY SIGNALS

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.

 

Related Ticker: BNS, BMO, PNC, TFC, MTB, FITB, RF, HBAN, CFG

Contributor

Harry Richardson — Algorithmic Trader & Strategy Developer Harry is an algorithmic trader specializing in impulse and breakout trading strategies across cryptocurrency and equity markets. With more than 10 years of experience in developing automated trading systems, he focuses on building structured algorithms designed to capture momentum while maintaining strict risk control. His approach combines quantitative analysis, real-market execution, and continuous performance monitoring. Vitalii prioritizes risk management, drawdown control, and strategy stability over short-term optimization, ensuring algorithms are adaptable to changing market conditions. He has developed and tested hundreds of automated strategies, working extensively with live trading environments, forward testing, and portfolio-level algorithm management. His work centers on transforming trading ideas into fully operational, scalable automated systems.


BNS in -4.92% downward trend, falling for three consecutive days on November 06, 2026

Moving lower for three straight days is viewed as a bearish sign. Keep an eye on this stock for future declines. Considering data from situations where BNS declined for three days, in 153 of 277 cases, the price declined further within the following month. The odds of a continued downward trend are 55%.

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The 10-day RSI Indicator for BNS moved out of overbought territory on October 30, 2026. 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 49 similar instances where the indicator moved out of overbought territory. In 20 of the 49 cases, the stock moved lower in the following days. This puts the odds of a move lower at 41%.

The Momentum Indicator moved below the 0 level on November 10, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BNS as a result. In 34 of 68 cases where the Momentum Indicator fell below 0, the stock fell further within the subsequent month. The odds of a continued downward trend are 50%.

The Moving Average Convergence Divergence Histogram (MACD) for BNS turned negative on November 06, 2026. 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 45 similar instances when the indicator turned negative. In 21 of the 45 cases the stock turned lower in the days that followed. This puts the odds of success at 47%.

BNS broke above its upper Bollinger Band on November 04, 2026. This could be a sign that the stock is set to drop as the stock moves back below the upper band and toward the middle band. You may want to consider selling the stock or exploring put options.

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.

BNS moved above its 50-day moving average on November 09, 2026 date and that indicates a change from a downward trend to an upward trend.

The 10-day moving average for BNS crossed bullishly above the 50-day moving average on October 22, 2026. This indicates that the trend has shifted higher and could be considered a buy signal. In 6 of 17 past instances when the 10-day crossed above the 50-day, the stock continued to move higher over the following month. The odds of a continued upward trend are 35%.

Following a +1.66% 3-day Advance, the price is estimated to grow further. Considering data from situations where BNS advanced for three days, in 175 of 334 cases, the price rose further within the following month. The odds of a continued upward trend are 52%.

The Aroon Indicator entered an Uptrend today. In 177 of 376 cases where BNS Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend are 47%.

Fundamental Analysis (Ratings)

The Tickeron SMR rating for this company is 3 (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 Price Growth Rating for this company is 41 (best 1 - 100 worst), indicating steady price growth. BNS’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.

The Tickeron Valuation Rating of 46 (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 (1.408) is normal, around the industry mean (1.500). P/E Ratio (11.877) is within average values for comparable stocks, (11.703). Projected Growth (PEG Ratio) (0.996) is also within normal values, averaging (2.139). Dividend Yield (0.035) settles around the average of (0.035) among similar stocks. P/S Ratio (4.050) is also within normal values, averaging (3.867).

The Tickeron Profit vs. Risk Rating rating for this company is 47 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 20, placing this stock slightly worse than average.

The Tickeron Seasonality Score of 75 (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 PE Growth Rating for this company is 82 (best 1 - 100 worst), pointing to worse than 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.

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), HSBC Holdings PLC (NYSE:HSBC), Wells Fargo & Co (NYSE:WFC), Citigroup (NYSE:C), Barclays PLC (NYSE:BCS).

Industry description

Major banks are among the biggest companies in the world, often times with global reach and market capitalizations in the multi-billions. Large banks often have multiple arms spanning different disciplines, from deposits, to investment banking, to wealth management and insurance. The biggest banks often have key competitive advantages over smaller players in the industry in terms of brand recognition, cost of capital, and efficiency. Think J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap

The average market capitalization across the Major Banks Industry is 195.36B. The market cap for tickers in the group ranges from 1.04M to 889.14B. JPM holds the highest valuation in this group at 889.14B. The lowest valued company is BACRP at 1.04M.

High and low price notable news

The average weekly price growth across all stocks in the Major Banks Industry was -1%. For the same Industry, the average monthly price growth was 1%, and the average quarterly price growth was 12%. SAN experienced the highest price growth at 11%, while FRBT experienced the biggest fall at -1%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was -37%. For the same stocks of the Industry, the average monthly volume growth was -26% and the average quarterly volume growth was -31%

Fundamental Analysis Ratings

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

Valuation Rating: 59
P/E Growth Rating: 53
Price Growth Rating: 48
SMR Rating: 4
Profit Risk Rating: 20
Seasonality Score: 37 (-100 ... +100)
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General Information

a major bank

Industry MajorBanks

Industry
Major Banks
Address
1709 Hollis Street
Phone
+1 416 866-3672
Employees
86431
Web
https://www.scotiabank.com
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