Bank Stocks to Research - March 24th

In the world of finance, certain bank stocks have captured attention on March 24th. According to analyses, Invesco QQQ, JPMorgan Chase & Co., and Fiserv are the three noteworthy stocks in the banking sector today. Bank stocks are essentially shares issued by banking institutions, signifying ownership in the company. By investing in these stocks, investors can benefit from the earnings generated by the banks.

Invesco QQQ (QQQ)

Invesco QQQ Trust, Series 1 is known for offering securities titled Nasdaq-100 Index Tracking Stock. The main goal of this Trust is to provide results that align closely with the performance of the Nasdaq-100 Index in terms of price and yield. It gives investors a chance to purchase units of beneficial interest in the Trust, representing ownership interests in the portfolio of securities that closely match the component securities of the Nasdaq-100 Index.

On Monday, NASDAQ QQQ saw an increase, trading up $8.93 to reach $489.77. The trading volume totaled 12,701,809 shares, which is lower than its average volume of 34,817,824 shares. The company holds a market cap of $308.68 billion, a price-to-earnings ratio of 30.74, and a beta value of 1.11. The stock has experienced a twelve-month low of $413.07 and a high of $540.81, with a fifty-day moving average price of $511.30 and a 200-day moving average price of $504.45.

JPMorgan Chase & Co. (JPM)

As a prominent financial holding company, JPMorgan Chase & Co. offers a wide range of financial and investment banking services. These services include investment banking products and assistance in all capital markets such as corporate strategy, capital raising in equity and debt markets, risk management, and market making in various securities.

On the same trading day, NYSE JPM increased by $5.19, reaching $246.82. The trading volume was 3,248,102 shares, notably lower than the average of 10,353,333 shares. The debt-to-equity ratio stands at 1.24, with a quick ratio of 0.89 and a current ratio of 0.88. The market capitalization is $690.13 billion, with a price-to-earnings ratio of 12.50, a P/E/G ratio of 2.83, and a beta of 1.10. Over the past year, the stock has achieved a low of $179.20 and a high of $280.25, with a fifty-day moving average price of $257.86 and a 200-day moving average of $239.50.

Fiserv (FISV)

Fiserv, Inc. operates globally, providing technology for payment and financial services. The company consists of several segments, including Acceptance, Fintech, and Payments. The Acceptance segment offers services like merchant acquiring at point-of-sale, mobile payment services, and fraud protection products, along with various other financial solutions.

On Monday, Fiserv shares traded down by $3.70, reaching a price of $218.09. The stock had a trading volume of 3,538,035 shares compared to its average of 3,749,599 shares. The one-year lows and highs for Fiserv stand at $87.03 and $122.39, respectively. The fifty-day simple moving average currently sits at $220.12, and the market capitalization is $136.99 billion with a price-to-earnings ratio of 57.54 and a beta of 0.86.

Stocks, Investing, Finance