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Vitalii Liubimov's Avatar
published in Blogs
Aug 09, 2023

Major Bank Stocks Gain Impressive 10% Over the Month: A Look at $JPM, $BAC, $WFC, $TD, and More.

Stocks in the major bank sector have performed significantly better than the overall market over the past month, experiencing growth of approximately 10%. For intraday recommendations on stocks within this sector, you can refer to this robot: Swing Trader: Medium Volatility Stocks for Active Trading (TA-FA).

The most notable companies in  group Major Bank include:

  • JPMorgan Chase & Co (NYSE: JPM)
  • Bank of America Corp (NYSE: BAC)
  • Wells Fargo & Co (NYSE: WFC)
  • HSBC Holdings PLC (NYSE: HSBC)
  • Citigroup (NYSE: C)
  • Barclays PLC (NYSE: BCS)

Market Cap:

The average market capitalization across the group is $172.9 billion. The market cap for tickers in the group ranges from $62.7 billion to $453 billion. JPMorgan Chase & Co (JPM) holds the highest valuation in this group at $453 billion, while the lowest valued company is MSL at $191.4 million.

On 4/15/23 at 7:13 AM, JPMorgan Chase & Co (JPM, $138.73) experienced a market cap increase of $27.3 billion. Conversely, on 3/10/23 at 7:52 AM, JPMorgan Chase & Co (JPM, $130.34) witnessed a market cap decrease of $22.0 billion.

Price Performance:

For the group, the average weekly price growth was -1.21%. The average monthly price growth was 7.21%, and the average quarterly price growth was 0.92%. Notable price movements include:

  • On 8/3/23 at 2:01 PM, Banco Santander SA (SAN, $3.8) was a top loser for the week, declining by -6.4%.
  • On 7/15/23 at 6:53 AM, UBS Group AG (UBS, $20.91) was a top weekly gainer with a +5.34% increase.
  • On 7/6/23 at 7:25 AM, JPMorgan Chase & Co (JPM, $144.64) was also a top weekly gainer with a +5.08% increase.

Trading Volume:

The average weekly volume growth across all stocks in the group was 3.27%. The average monthly volume growth was -4.85%, and the average quarterly volume growth was 10.47%. Notable volume events include:

  • On 7/28/23 at 4:14 PM, the volume for Mitsubishi UFJ Financial Group stock increased for one day, resulting in a record-breaking daily growth of 237% of the 65-Day Volume Moving Average.
  • On 3/24/23 at 6:50 AM, the volume for Toronto Dominion Bank stock increased for five consecutive days, with an average daily gain of 141%.
  • On 3/17/23 at 6:56 AM, the volume for UBS Group AG stock increased for one day, resulting in a record-breaking daily growth of 220% of the 65-Day Volume Moving Average.

Fundamental Analysis Ratings:

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

  • Valuation Rating: 50
  • P/E Growth Rating: 57
  • Price Growth Rating: 49
  • SMR Rating: 11
  • Profit Risk Rating: 74
  • Seasonality Score: -22 (-100 ... +100)

Industry Description:

The Major Banks Industry comprises some of the world's largest companies with global reach and significant market capitalizations. These large banks have diverse business arms, including deposits, investment banking, wealth management, and insurance. Key competitive advantages of major banks include brand recognition, cost of capital, and efficiency. Notable players in the industry include J.P. Morgan, Bank of America, Wells Fargo, and Citigroup.

Market Cap in Major Banks Industry:

The average market capitalization across the Major Banks Industry is $81.5 billion. The market cap for tickers in the industry ranges from $191.4 million to $453 billion. JPMorgan Chase & Co (JPM) holds the highest valuation in this industry, while the lowest valued company is MSL at $191.4 million.

On 4/15/23 at 7:13 AM, JPMorgan Chase & Co (JPM, $138.73) experienced a market cap increase of $27.3 billion. Conversely, on 3/10/23 at 7:52 AM, JPMorgan Chase & Co (JPM, $130.34) witnessed a market cap decrease of $22.0 billion.

Price Performance in Major Banks Industry:

For the Major Banks Industry, the average weekly price growth was -1.45%. The average monthly price growth was 2.54%, and the average quarterly price growth was -1.02%. Notable price movements include:

  • On 8/3/23 at 2:01 PM, Banco Santander SA (SAN, $3.8) was a top loser for the week, declining by -6.4%.
  • On 7/15/23 at 6:53 AM, UBS Group AG (UBS, $20.91) was a top weekly gainer with a +5.34% increase.
  • On 7/6/23 at 7:25 AM, JPMorgan Chase & Co (JPM, $144.64) was also a top weekly gainer with a +5.08% increase.

Trading Volume in Major Banks Industry:

The average weekly volume growth across all stocks in the Major Banks Industry was 20.74%. The average monthly volume growth was 13.96%, and the average quarterly volume growth was 1.55%.

  • On 7/28/23 at 4:14 PM, the volume for Mitsubishi UFJ Financial Group stock increased for one day, resulting in a record-breaking daily growth of 237% of the 65-Day Volume Moving Average.
  • On 3/24/23 at 6:50 AM, the volume for Toronto Dominion Bank stock increased for five consecutive days, with an average daily gain of 141%.
  • On 3/17/23 at 6:56 AM, the volume for UBS Group AG stock increased for one day, resulting in a record-breaking daily growth of 220% of the 65-Day Volume Moving Average.

JPMorgan Chase & Co (JPM) Analysis:

JPM is in a -1.62% downward trend, declining for three consecutive days on August 02, 2023. A three-day decline is considered bearish, indicating potential future declines. Looking at historical data, in 178 out of 308 cases where JPM declined for three days, the price further declined within the following month, suggesting a 58% chance of a continued downward trend.

The current price of $155.88 is above the highest resistance line found by A.I., which is $142.68. During the period of 07/07/23 - 08/08/23, the price experienced an +8% uptrend, while the week of 08/01/23 - 08/08/23 shows a -0.83% downtrend.

Bank of America Corp (BAC) Analysis:

BAC's Moving Average Convergence Divergence Histogram (MACD) turned negative on August 02, 2023, indicating a potential bearish signal and suggesting the stock might decline going forward. Tickeron's A.I.dvisor analyzed 43 instances where the indicator turned negative, and in 33 of those cases, the stock moved lower in the days that followed, indicating a 77% chance of a downward move.

The current price of BAC is $31.27, which has crossed the support line at $30.80 and is trading between the $35.05 support and $30.80 support lines. During the period of 07/07/23 - 08/08/23, the price experienced a +10% uptrend, while the week of 08/01/23 - 08/08/23 shows a -1% downtrend.

Wells Fargo & Co (WFC) Analysis:

WFC is in a -2.30% downward trend, declining for three consecutive days on August 02, 2023. Similar to JPM, a three-day decline is viewed as bearish, indicating potential future declines. Looking at historical data, in 188 out of 287 cases where WFC declined for three days, the price declined further within the following month, suggesting a 66% chance of a continued downward trend.

The current price of WFC is $44.46, which has crossed the resistance line at $45.48 and is trading between the $45.48 resistance and $39.01 support lines. During the period of 07/07/23 - 08/08/23, the price experienced a +5% uptrend, while the week of 08/01/23 - 08/08/23 shows a -2% downtrend.

Toronto Dominion Bank (TD) Analysis:

TD's Moving Average Convergence Divergence Histogram (MACD) turned negative on August 02, 2023, indicating a potential bearish signal and suggesting the stock might decline going forward. Tickeron's A.I.dvisor analyzed 40 instances where the indicator turned negative, and in 23 of those cases, the stock moved lower in the days that followed, indicating a 57% chance of a downward move.

The current price of TD is $63.68, which has crossed the support line at $63.12 and is trading between the $67.69 resistance and $63.12 support lines. During the period of 07/07/23 - 08/08/23, the price experienced a +5% uptrend, while the week of 08/01/23 - 08/08/23 shows a -2% downtrend.

Mitsubishi UFJ Financial Group (MUFG) Analysis:

MUFG's Momentum Indicator moved above the 0 level on July 27, 2023, indicating a potential shift to a new upward trend. Tickeron's A.I.dvisor analyzed 99 similar instances where the indicator turned positive, and in 60 of those cases, the stock moved higher in the following days, suggesting a 61% chance of a move higher.

The current price of MUFG is $7.80, which is above the highest support line found by A.I. During the period of 07/07/23 - 08/08/23, the price experienced a +5% uptrend, while the week of 08/01/23 - 08/08/23 shows a -2% downtrend.

Related Ticker: JPM, BAC, WFC, TD, MUFG, UBS, SAN

JPM's RSI Oscillator leaves overbought zone

The 10-day RSI Indicator for JPM moved out of overbought territory on October 01, 2025. This could be a sign that the stock is shifting from an upward trend to a downward trend. Traders may want to look at selling the stock or buying put options. Tickeron's A.I.dvisor looked at 42 instances where the indicator moved out of the overbought zone. In of the 42 cases the stock moved lower in the days that followed. This puts the odds of a move down at .

Price Prediction Chart

Technical Analysis (Indicators)

Bearish Trend Analysis

The Momentum Indicator moved below the 0 level on October 01, 2025. You may want to consider selling the stock, shorting the stock, or exploring put options on JPM as a result. In of 82 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 JPM turned negative on October 01, 2025. 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 46 similar instances when the indicator turned negative. In of the 46 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 JPM declined for three days, the price rose further in of 62 cases within the following month. The odds of a continued downward trend are .

Bullish Trend Analysis

The Stochastic Oscillator suggests the stock price trend may be in a reversal from a downward trend to an upward trend. of 53 cases where JPM'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 JPM advanced for three days, in of 354 cases, the price rose further within the following month. The odds of a continued upward trend are .

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

The Aroon Indicator entered an Uptrend today. In of 336 cases where JPM Aroon's Indicator entered an Uptrend, the price rose further within the following month. The odds of a continued Uptrend 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 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 27, placing this stock better than average.

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 steady price growth. JPM’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 (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: JPM's P/B Ratio (2.446) is slightly higher than the industry average of (1.310). P/E Ratio (15.141) is within average values for comparable stocks, (12.034). Projected Growth (PEG Ratio) (3.721) is also within normal values, averaging (4.552). JPM has a moderately low Dividend Yield (0.018) as compared to the industry average of (0.043). P/S Ratio (4.782) is also within normal values, averaging (3.396).

Notable companies

The most notable companies in this group are JPMorgan Chase & Co (NYSE:JPM), Bank of America Corp (NYSE:BAC), Wells Fargo & Co (NYSE:WFC), HSBC Holdings PLC (NYSE:HSBC), Citigroup (NYSE:C), Bank of New York Mellon Corp (NYSE:BK), 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 132.75B. The market cap for tickers in the group ranges from 1.04M to 832.15B. JPM holds the highest valuation in this group at 832.15B. 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 -0%. For the same Industry, the average monthly price growth was -1%, and the average quarterly price growth was 26%. FANDY experienced the highest price growth at 11%, while HSBC experienced the biggest fall at -7%.

Volume

The average weekly volume growth across all stocks in the Major Banks Industry was 85%. For the same stocks of the Industry, the average monthly volume growth was 74% and the average quarterly volume growth was 7%

Fundamental Analysis Ratings

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

Valuation Rating: 67
P/E Growth Rating: 39
Price Growth Rating: 47
SMR Rating: 10
Profit Risk Rating: 27
Seasonality Score: 48 (-100 ... +100)
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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. JPM showed earnings on October 14, 2025. You can read more about the earnings report here.
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a major bank

Industry MajorBanks

Profile
Fundamentals
Details
Industry
Major Banks
Address
383 Madison Avenue
Phone
+1 212 270-6000
Employees
309926
Web
https://www.jpmorganchase.com
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