GET DAILY SIGNALSMajor banks, including $BAC, $TD, $RY, $C, $BMO, and $BCS, have incurred losses of up to 20% over the past year.
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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.
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BAC in upward trend: price may jump up because it broke its lower Bollinger Band on October 19, 2026
BAC may jump back above the lower band and head toward the middle band. Traders may consider buying the stock or exploring call options. In 28 of 37 cases where BAC's price broke its lower Bollinger Band, its price rose further in the following month. The odds of a continued upward trend are 76%.
Technical Analysis (Indicators)
Bullish Trend Analysis
The RSI Indicator entered the oversold zone -- be on the watch for BAC's price rising or consolidating in the future. That's also the time to consider buying the stock or exploring call options.
The Stochastic Oscillator is in the oversold zone. Keep an eye out for a move up in the foreseeable future.
The Moving Average Convergence Divergence (MACD) for BAC just turned positive on October 26, 2026. Looking at past instances where BAC's MACD turned positive, the stock continued to rise in 34 of 46 cases over the following month. The odds of a continued upward trend are 74%.
Following a +0.91% 3-day Advance, the price is estimated to grow further. Considering data from situations where BAC advanced for three days, in 212 of 341 cases, the price rose further within the following month. The odds of a continued upward trend are 62%.
Bearish Trend Analysis
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 50 of 62 cases within the following month. The odds of a continued downward trend are 61%.
The Aroon Indicator for BAC entered a downward trend on October 23, 2026. This could indicate a strong downward move is ahead for the stock. Traders may want to consider selling the stock or buying put options.
Fundamental Analysis (Ratings)
The Tickeron SMR rating for this company is 2 (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 Valuation Rating of 49 (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 (1.267) is normal, around the industry mean (1.492). P/E Ratio (11.366) is within average values for comparable stocks, (11.617). Projected Growth (PEG Ratio) (0.873) is also within normal values, averaging (2.139). Dividend Yield (0.026) settles around the average of (0.035) among similar stocks. P/S Ratio (3.643) is also within normal values, averaging (3.867).
The Tickeron Price Growth Rating for this company is 61 (best 1 - 100 worst), indicating fairly steady price growth. BAC’s price grows at a lower rate over the last 12 months as compared to S&P 500 index constituents.
The Tickeron Profit vs. Risk Rating rating for this company is 63 (best 1 - 100 worst), indicating well-balanced risk and returns. The average Profit vs. Risk Rating rating for the industry is 21, placing this stock slightly worse than average.
The Tickeron PE Growth Rating for this company is 72 (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.
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Industry description
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High and low price notable news
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Fundamental Analysis Ratings
The average fundamental analysis ratings, where 1 is best and 100 is worst, are as follows
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General Information
a major bank
Industry MajorBanks
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