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published in Blogs
Oct 12, 2023

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

BNS in +0.87% Uptrend, advancing for three consecutive days on July 01, 2026

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 335 cases, the price rose further within the following month. The odds of a continued upward trend are .

Price Prediction Chart

Technical Analysis (Indicators)

Bullish Trend Analysis

The Aroon Indicator entered an Uptrend today. In of 350 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 July 02, 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 45 similar instances where the indicator moved out of overbought territory. In of the 45 cases, the stock moved lower in the following days. This puts the odds of a move lower at .

The Stochastic Oscillator may be shifting from an upward trend to a downward trend. In of 54 cases where BNS's Stochastic Oscillator exited the overbought zone, the price fell further within the following month. The odds of a continued downward trend are .

The Momentum Indicator moved below the 0 level on July 02, 2026. You may want to consider selling the stock, shorting the stock, or exploring put options on BNS as a result. In of 66 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 June 30, 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 39 similar instances when the indicator turned negative. In of the 39 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 .

BNS broke above its upper Bollinger Band on June 11, 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.

Fundamental Analysis (Ratings)

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 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. 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 (1.955) is normal, around the industry mean (1.888). P/E Ratio (16.981) is within average values for comparable stocks, (15.498). Projected Growth (PEG Ratio) (1.257) is also within normal values, averaging (1.721). BNS has a moderately high Dividend Yield (0.037) as compared to the industry average of (0.025). P/S Ratio (3.978) is also within normal values, averaging (4.002).

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 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 23, placing this stock worse than average.

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 207.34B. The market cap for tickers in the group ranges from 1.04M to 896.22B. JPM holds the highest valuation in this group at 896.22B. 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 4%. For the same Industry, the average monthly price growth was 9%, and the average quarterly price growth was 20%. BBVA experienced the highest price growth at 4%, while C experienced the biggest fall at -3%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was -2%. For the same stocks of the Industry, the average monthly volume growth was -18% and the average quarterly volume growth was 16%

Fundamental Analysis Ratings

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

Valuation Rating: 69
P/E Growth Rating: 31
Price Growth Rating: 40
SMR Rating: 7
Profit Risk Rating: 23
Seasonality Score: -11 (-100 ... +100)
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a major bank

Industry MajorBanks

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Industry
Major Banks
Address
1709 Hollis Street
Phone
+1 416 866-6161
Employees
89483
Web
https://www.scotiabank.com
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