Top Bank Stocks To Watch Now – May 9th

Invesco QQQ, Affirm, and JPMorgan Chase & Co. are the three Bank stocks to watch today, according to MarketBeat’s stock screener tool. Bank stocks are equity shares issued by publicly traded banking institutions, giving investors an ownership stake in their assets and profits. Holders of these shares may earn income through dividends and capital gains as the bank’s lending, deposit-taking, and fee-based activities generate revenue. Their performance is closely tied to interest-rate movements, credit quality, and regulatory changes. These companies had the highest dollar trading volume of any Bank stocks within the last several days.

Invesco QQQ (QQQ)

PowerShares QQQ Trust, Series 1 is a unit investment trust that issues securities called Nasdaq-100 Index Tracking Stock. The Trust’s investment objective is to provide investment results that generally correspond to the price and yield performance of the Nasdaq-100 Index. The Trust provides investors with the opportunity to purchase units of beneficial interest in the Trust representing proportionate undivided interests in the portfolio of securities held by the Trust, which consists of substantially all of the securities, in substantially the same weighting, as the component securities of the Nasdaq-100 Index.

NASDAQ:QQQ traded up $0.37 during midday trading on Friday, reaching $488.66. The stock had a trading volume of 13,282,122 shares, compared to its average volume of 36,374,727. The firm has a fifty day simple moving average of $467.93 and a two-hundred day simple moving average of $499.29. The stock has a market cap of $306.22 billion, a P/E ratio of 28.58 and a beta of 1.11. Invesco QQQ has a 12-month low of $402.39 and a 12-month high of $540.81.

Affirm (AFRM)

Affirm Holdings, Inc. operates a platform for digital and mobile-first commerce in the United States, Canada, and internationally. The company's platform includes point-of-sale payment solution for consumers, merchant commerce solutions, and a consumer-focused app. Its commerce platform, agreements with originating banks, and capital markets partners enables consumers to pay for a purchase over time with terms ranging up to 60 months.

AFRM traded down $6.86 during trading on Friday, hitting $47.40. The company’s stock had a trading volume of 19,334,184 shares, compared to its average volume of 8,405,329. The firm’s 50 day moving average price is $46.63 and its 200-day moving average price is $56.58. Affirm has a twelve month low of $22.25 and a twelve month high of $82.53. The company has a debt-to-equity ratio of 2.68, a current ratio of 11.26 and a quick ratio of 11.26. The stock has a market cap of $15.08 billion, a PE ratio of -72.92 and a beta of 3.66.

JPMorgan Chase & Co. (JPM)

JPMorgan Chase & Co. is a financial holding company, which engages in the provision of financial and investment banking services. It focuses on investment banking, financial services for consumers and small businesses, commercial banking, financial transaction processing, and asset management. It operates through the following segments: Consumer and Community Banking (CCB), Commercial and Investment Bank (CIB), Asset and Wealth Management (AWM), and Corporate.

Shares of NYSE:JPM traded up $0.16 during trading on Friday, hitting $253.63. 1,810,107 shares of the company traded hands, compared to its average volume of 9,607,198. The stock has a market capitalization of $705.85 billion, a price-to-earnings ratio of 12.85, a PEG ratio of 2.83 and a beta of 1.07. The company has a quick ratio of 0.89, a current ratio of 0.88 and a debt-to-equity ratio of 1.24. JPMorgan Chase & Co. has a one year low of $190.88 and a one year high of $280.25. The business’s fifty day moving average is $238.21 and its 200-day moving average is $245.32.