Major banks, including $BAC, $TD, $RY, $C, $BMO, and $BCS, have incurred losses of up to 20% over the past year.
Even as the largest banks have experienced up to a 20% decline in the past year, our robots continue to generate profits. Subscribe to our robots and receive daily signals: Swing-Trader-Medium-Volatility-Stocks-for-Active-Trading-TA-FA.
Notable companies in the Major Banks industry 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), and Barclays PLC (NYSE: BCS).
This industry comprises major global banks with extensive services spanning deposits, investment banking, wealth management, and insurance. Leading banks like J.P. Morgan, Bank of America, Wells Fargo, and Citigroup have competitive advantages in terms of brand recognition and efficiency.
The average market capitalization in this industry is approximately $79.8 billion, with JPMorgan Chase & Co being the largest at $419.8 billion and MSL the smallest at $191.4 million.
In terms of price trends, weekly price growth across all stocks in the Major Banks Industry averaged 0.63%. Monthly growth averaged -1.78%, while quarterly growth averaged 4.85%. Notable price movements include Bank of America (BAC) declining -5.09% recently and Barclays (BCS) experiencing both declines and uptrends.
Average weekly volume growth for Major Banks stocks was 4%, with monthly volume growth at 37.5% and quarterly volume growth at -53.15%.
Fundamental analysis ratings for this industry include:
- Valuation Rating: 52
- P/E Growth Rating: 56
- Price Growth Rating: 50
- SMR Rating: 11
- Profit Risk Rating: 73
- Seasonality Score: -1 (-100 ... +100)
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BAC: RSI Oscillator left oversold territory on August 28, 2023, indicating a potential upward trend with an 87% chance of a higher stock price. Current price: $28.96, below $30.80 support. Recent trends: -6% downtrend for the month, +1% uptrend for the week.
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TD: RSI Oscillator moved out of oversold territory on August 28, 2023, suggesting a possible upward trend with a 62% chance of a higher stock price. Current price: $60.57, trading between $61.34 resistance and $51.94 support. Recent trends: -5% downtrend for the month, -0.10% decline for the week.
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RY: RSI Oscillator left oversold territory on September 08, 2023, indicating a potential upward trend with a 79% chance of a higher stock price. Current price: $89.41, trading between $92.41 resistance and $69.19 support. Recent trends: -6% downtrend for the month, -0.02% decline for the week.
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C: Broke its lower Bollinger Band on August 09, 2023, with a 71% chance of continued upward momentum. Current price: $41.68, trading between $49.14 resistance and $24.21 support. Recent trends: -6% downtrend for the month, +0.77% uptrend for the week.
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BMO: RSI Indicator left oversold territory on August 28, 2023, suggesting a possible upward trend with a 63% chance of a higher stock price. Current price: $85.75, trading between $88.29 resistance and $75.10 support. Recent trends: -3% downtrend for the month, +0.54% uptrend for the week.
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BCS: 50-day Moving Average crossed below the 200-day Moving Average on August 24, 2023, indicating a potential long-term bearish trend. Current price: $7.74, trading between $7.78 support and $5.42 support. Recent trends: +3% uptrend for the month, +3% uptrend for the week.
BAC's RSI Indicator climbs out of oversold territory
The RSI Oscillator for BAC moved out of oversold territory on December 20, 2024. This could be a sign that the stock is shifting from a downward trend to an upward trend. Traders may want to buy the stock or call options. The A.I.dvisor looked at 30 similar instances when the indicator left oversold territory. In of the 30 cases the stock moved higher. This puts the odds of a move higher at .
Technical Analysis (Indicators)
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 56 cases where BAC'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 BAC advanced for three days, in of 328 cases, the price rose further within the following month. The odds of a continued upward trend are .
BAC 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 264 cases where BAC 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 Momentum Indicator moved below the 0 level on December 09, 2024. You may want to consider selling the stock, shorting the stock, or exploring put options on BAC as a result. In of 89 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 BAC turned negative on December 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 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 .
BAC moved below its 50-day moving average on December 18, 2024 date and that indicates a change from an upward trend to a downward trend.
Following a 3-day decline, the stock is projected to fall further. Considering past instances where BAC 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 Profit vs. Risk Rating rating for this company is (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 46, placing this stock slightly better than average.
The Tickeron Price Growth Rating for this company is (best 1 - 100 worst), indicating steady price growth. BAC’s price grows at a higher rate over the last 12 months as compared to S&P 500 index constituents.
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 Valuation Rating of (best 1 - 100 worst) indicates that the company is slightly 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: P/B Ratio (1.125) is normal, around the industry mean (0.958). P/E Ratio (12.182) is within average values for comparable stocks, (8.937). Projected Growth (PEG Ratio) (3.860) is also within normal values, averaging (2.643). BAC has a moderately low Dividend Yield (0.025) as compared to the industry average of (0.054). P/S Ratio (3.075) is also within normal values, averaging (2.460).
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