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:
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:
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:
Fundamental Analysis Ratings:
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows:
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:
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%.
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.
JPM saw its Momentum Indicator move above the 0 level on June 26, 2024. This is an indication that the stock could be shifting in to a new upward move. Traders may want to consider buying the stock or buying call options. Tickeron's A.I.dvisor looked at 84 similar instances where the indicator turned positive. In of the 84 cases, the stock moved higher in the following days. The odds of a move higher are at .
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
a major bank
Industry MajorBanks