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Early Morning Vibes: 4 Stocks We Like for Thursday
On January 20, American stock markets closed at new all-time highs. The S&P 500 index rose 1.39% to 3852 points, the NASDAQ rose 1.97%, the Dow Jones added 0.83%. Risk appetite has increased on the back of an improving epidemiological situation in the States, positive expectations from the reporting season, and partly due to the official inauguration of President Joseph Biden. The communications sector was a growth engine for the broader market, surging 3.6% on a strong quarterly report from Netflix.

Company news
- Streaming giant Netflix (NFLX: + 16.9%) performed better than expected and management announced that it is considering resuming its share buyback program.
- Bank of New York Mellon (BK: -7.3%) showed mixed results. Operating expenses were above expectations.
- Procter & Gamble’s (PG: -1.3%) earnings and earnings exceeded expectations, but the stock still declined on investor concerns about the sustainability of the results.
Today, global stock exchanges are showing positive dynamics. The first decrees of President Biden only indirectly relate to the economy, so they practically do not affect the stock market. Investor optimism is driven by factors that have been in sight for a long time. Among them are soft monetary policy, prospects for the adoption of a new package of fiscal stimuli, acceleration of the vaccination process.

Yesterday in the United States, a record number of deaths per day was recorded – 4409. Amazon has offered vaccine assistance to the US government, which has boosted investor confidence in boosting the vaccine campaign. In addition, the first studies point to the effectiveness of the Pfizer vaccine against the British strain of coronavirus.

The first quarterly reports of S&P 500 companies exceed investor expectations. Currently, the forecast assumes an average EPS decline of 5.9%, while just a week ago, EPS was forecast to fall by 8.8%. Market participants are just beginning to put optimistic expectations in the quotes in relation to reporting, so the upside potential of the S&P 500 remains.

Economic News

Noteworthy is the weekly publication of data on the number of initial applications for unemployment benefits (forecast: 910 thousand, previous value: 965 thousand). The unexpected rise in the indicator last week has raised concerns. If this time the market participants get an unpleasant surprise again, then the official report on the labor market for January will be weak.

Sentiment Index

The Freedom Finance Sentiment Index climbed to 62 out of 100. The indicator reflects market participants’ hope for a global economic recovery in 2021. Worries about the negative impact of the coronavirus pandemic are starting to wane thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is prone to an upward movement. On the eve of the broad market index confidently overcame the historical maximum at 3827 points and continued to move to the upper border of the equidistant channel at 3860 points. Indicators indicate the likelihood of the trend continuation. The nearest resistance is the psychologically significant level of 3900 points.

Today Top Movers

‎Jaguar Health Inc (JAGX), a biotechnology company, surged about 30.48% ‎at $3.81 in pre-market ‎trading Thursday following the declaration of closing of $6.0 million issuance and sale of designation-backed note related to possible tropical disease priority review voucher.‎

‎Qutoutiao Inc (QTT) share price soared 39.41% to $3.75 during the early morning ‎trading session on ‎Thursday.‎‎

‎InspireMD Inc (NSPR) stock ascended 15.48% at $0.81 in the pre-‎market trading today.‎‎

‎BIOLASE Inc (BIOL) gained over 12.14% at $1.08 in pre-market ‎trading on Thursday.‎‎

Top Upgrades & Downgrades

BTIG turned bullish on PayPal Holdings Inc. (PYPL), upgrading the stock to “Buy”.

Diebold Nixdorf Incorporated (DBD) has won the favor of JP Morgan’s equity research team. The firm upgraded the shares from Neutral to Overweight and moved their price target to $16.0, suggesting 43.04% additional upside for the stock.

Synaptics Incorporated (SYNA) received an upgrade from analysts at JP Morgan, who also set their one-year price target on the stock to $110. They changed their rating on SYNA to Neutral from Underweight in a recently issued research note.

Earlier Thursday BTIG reduced its rating on Senseonics Holdings Inc. (SENS) stock to Neutral from Buy.

JP Morgan analysts reduced their investment ratings, saying in research reports covered by the media that it’s rating for Maxar Technologies Inc. (MAXR) has been changed to Neutral from Overweight and the new price target is set at $55.

Analysts at Berenberg downgraded Citigroup Inc. (C)’s stock to Hold from Buy Thursday.

Latest Insider Activity

Virgin Galactic Holdings Inc. (SPCE) CFO, Treasurer Campagna Jonathan Joseph announced the sale of shares taking place on Jan 19 at $31.44 for some 56,305 shares. The total came to more than $1.77 million.

Snap Inc. (SNAP) Chief Financial Officer Andersen Derek sold on Jan 19 a total of 1,254,458 shares at $50.43 on average. The insider’s sale generated proceeds of almost $0.44 million.

Affirm Holdings Inc. (AFRM) 10% Owner Founders Fund V Management, LL declared the purchase of shares taking place on Jan 15 at $49.00 for some 75,000 shares. The transaction amount was around $3.67 million.

Adverum Biotechnologies Inc. (ADVM) Director Machado Patrick bought on Jan 15 a total 78,182 shares at $11.52 on average. The purchase cost the insider an estimated $115,174.

Important Earnings

Top US earnings releases scheduled for today include FuelCell Energy Inc. (NASDAQ: FCEL). It will announce its Oct 2020 financial results. The company is expected to report earnings of -$0.04 per share from revenues of $17.05M in the three-month period.

Analysts expect Baker Hughes Company (NYSE: BKR) to report a net income (adjusted) of $0.17 per share when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $5.42B.

Intel Corporation (INTC), due to announce earnings after the market closes today, is expected to report earnings of $1.1 per share from revenues of $17.5B recently concluded three-month period.
January 21, 2021
Early Morning Vibes: 4 Stocks We Like for Friday

On January 14, the American stock indices closed in the red. The S&P 500 index dropped 0.38% to 3796 points, the NASDAQ dropped 0.12%, the Dow Jones lost 0.22%. The weakening of optimism was due to macrostats. The number of initial applications for unemployment benefits for the week unexpectedly rose to the highest in five months. However, the flow of capital to small-cap stocks continued, with the Russel 2000 up 2.05%. The energy sector was again the leader of growth (+ 3.01%), while the IT sector was down 0.95% under the influence of weak performance in FAANG shares.

Corporate news

Delta Air Lines (DAL: + 2.5%) quarterly report was stronger than investors expected as revenue outperformed forecast.

BlackRock (BLK: -4.7%) posted better-than-expected revenue and bottom line, but capital inflows to funds were weak.

Semiconductor manufacturer Taiwan Semiconductor Manufacturing (TSM: + 6.1%) raised its forecast for average revenue growth over the next five years to 10-15% from 5-10%. TSM’s quarterly report was overall better than forecast.

Global stock markets are showing mixed dynamics. President-elect Joe Biden has unveiled a $ 1.9 trillion bailout package that will be funded by increasing government debt. The bulk of this amount will go to help households, including through direct payments to Americans in the amount of $ 1400. About $ 400 billion is expected to be allocated to fight the virus and a vaccination campaign. In February, Biden will unveil an addendum to the announced plan that will include infrastructure costs. However, investors were not too encouraged by this: S&P 500 futures are showing a slight decline. This is partly due to the fact that the presented program almost coincided with the expectations of market participants, who, at the same time, would like to hear more details about infrastructure costs.

The scale of monetary stimulus, most likely, will not start to decrease soon. Fed Chairman Jerome Powell reiterated yesterday that rates will not be raised for a long time. The first hike is still expected in 2023. Powell noted that the Fed will start signaling plans to scale back its asset purchase program in advance.

December retail sales data will be released today. A decrease of 0.2% m / m is expected after falling by 1.1% in November, which is associated with the preservation of a number of quarantine measures in the United States, restricting, in particular, the work of the catering sector. The data for January should reflect the effect of direct payments to the population at the end of December.

JPMorgan Chase & Co (JPM) will report for the past quarter today. Earnings per share, according to general market expectations, should increase by 3.89% YoY to $ 2.67, and the bank’s non-interest segment revenue will increase by about 20% yoy. This rapid growth will be driven by increased operational activity in investment banking and trading. The bank’s net interest margin is forecast to plateau in the third quarter, so a trend reversal is likely in the fourth quarter report on the back of rising 10-year US government bond yields.

Sentiment Index

Sentiment Index from Freedom Finance unchanged at around 58 out of 100. The indicator reflects the hope of market participants for a recovery in the global economy in 2021. Concerns about the negative impact of the coronavirus pandemic are diminishing thanks to the prospect of mass vaccinations.

Technical picture

Technically, the S&P 500 is still prone to short-term consolidation. During yesterday’s session, the broad market index tested its maximum and corrected. There is a risk of formation of a “double top” pattern, which will be conducive to correction. The RSI indicator remains close to the overbought zone, which limits the growth prospects.

Today Top Movers

BlackBerry Ltd (BB), a Software – Infrastructure company, soared about 19.65% ‎at $10.90 in pre-market trading Friday after the news of the patent sale to Huawei.‎

‎Bionano Genomics Inc (BNGO) share price jumped 11.07% to $7.72 during the early morning ‎trading session on Friday.‎ The firm recently revealed that day three of its five-day Next-Generation Cytogenomics Symposium featured six Saphyr users presenting their results and experiences using the Saphyr® system for optical genome mapping (OGM) to analyze solid tumor genomes.

Tilray Inc (TLRY) stock ascended 5.82% at $19.64 in the pre-market trading today.

Sundial Growers Inc (SNDL) gained over 2.72% at $0.71 in pre-market ‎trading on Friday.‎ The firm lately revealed the launch of premium concentrates products under its top leaf brand.

Top Upgrades & Downgrades

Stifel turned bullish on Elastic N.V. (ESTC), upgrading the stock to “Buy” and assigning a $180.0 price target, representing a potential upside of 17.26% from Thursday’s close.

Raymond James Financial Inc. (RJF) has won the favor of Wells Fargo’s equity research team. The firm upgraded the shares from Underweight to Overweight and moved their price target to $120.0, suggesting 16.87% additional upside for the stock.

Emerson Electric Co. (EMR) received an upgrade from analysts at UBS, who also set their one-year price target on the stock to $100.0. They changed their rating on EMR to Buy from Neutral in a recently issued research note.

Earlier Friday KeyBanc reduced its rating on Axalta Coating Systems Ltd. (AXTA) stock to Sector Weight from Overweight.

BofA analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Vishay Intertechnology Inc (NYSE: VSH) has been changed to Underperform from Neutral.

Analysts at Barclays downgraded Everbridge Inc (NASDAQ: EVBG)’s stock to Neutral from Outperform Friday.

Latest Insider Activity

Wayfair Inc. (W) Chief Technology Officer Miller James R. announced the sale of shares taking place on Jan 13 at $300.00 for some 1,500 shares. The total came to more than $0.45 million.

GAN Limited (GAN) EVP, Chief Commercial Officer Berman Jeffrey Bruce sold on Jan 12 a total 60,000 shares at $24.00 on average. The insider’s sale generated proceeds of almost $1.44 million.

Aldeyra Therapeutics Inc. (ALDX) 10% Owner PERCEPTIVE ADVISORS LLC declared the purchase of shares taking place on Jan 08 at $9.34 for some 550,000 shares. The transaction amount was around $5.14 million.

At Home Group Inc. (HOME) 10% Owner SOSIN CLIFFORD bought on Jan 06 a total 11,078,735 shares at $17.55 on average. The purchase cost the insider an estimated $4.83 million.

Important Earnings

Top US earnings releases scheduled for today include Citigroup Inc. (NYSE:C). It will announce its Dec 2020 financial results. The company is expected to report earnings of $1.34 per share from revenues of $16.71B in the three-month period.

Analysts expect Wells Fargo & Company (NYSE:WFC) to report a net income (adjusted) of $0.6 per share, when the bank releases its quarterly results shortly. Revenue for the fiscal quarter ended Dec 2020 is predicted to come in at $18.13B.

JPMorgan Chase & Co. (JPM), due to announce earnings before the market opens today, is expected to report earnings of $2.62 per share from revenues of $28.7B recently concluded three-month period.

January 15, 2021
Early Morning Vibes: The 4 Best Stocks To Buy Now

Trading on December 31 at the American stock markets ended in the green zone. The S&P 500 index climbed 0.64% to 3756 points, the Dow Jones rose 0.65%, the NASDAQ added 0.14%. S&P 500 and Dow Jones were able to hit new all-time highs thanks to positive statistics on weekly jobless claims. The growth of the indices for the whole of 2020 was 16% and 7%, respectively, while the growth of the high-tech NASDAQ over the past year was 44%.

Company news

Enphase Energy (ENPH: + 1.5%) will be listed in the S&P 500 starting January 7.

Celsius Holdings (CELH: + 13.3%) will be listed in the S&P SmallCap 600 starting January 7.

Elf Beauty (ELF: + 7.4%) will be listed on the S&P SmallCap 600 starting January 7.

Today, global stock markets are showing positive dynamics on the first trading day of 2021. The news background remains calm, but market participants continue to bet on the recovery of the global economy this year thanks to effective vaccines and a fast vaccination process.

However, while the vaccination campaign in the States is not so successful: as of January 2, only 4.2 million Americans received the first (of two) dose of the vaccine, although it was previously planned to reach the goal of 20 million. The head of the Operation Warp Speed organization suggested increasing the vaccination rate by halving Moderna’s vaccine dose for certain populations, negotiations are underway with the FDA regulator and company representatives. It is important to note that investors do not yet appear to be concerned about the slow pace of vaccinations.

In Europe, there is still no desire from the authorities to soften coronavirus restrictions. Stricter measures can be taken in the UK. In general, after the holidays, a global increase in diseases and an increase in the burden on the health care system can be expected, but investors are optimistic and look at this as the peak of the fight against coronavirus, after which the burden on healthcare workers will begin to decrease and state borders will open.

In the United States, an attempt to increase direct payments to the public from $ 600 to $ 2,000 was unsuccessful. Also over the weekend, attention was drawn to the delisting of Chinese telecom companies from American exchanges, which was a consequence of Donald Trump’s decree.

Technical analysis

Technically, the S&P 500 is prone to an upward movement. A new historical maximum was reached the day before. Buyers continue to demonstrate relative strength. At the same time, the RSI indicator is close to the overbought zone, so there is a risk of correction. To stay in an uptrend, the S&P 500 needs to hold above the 3640 level.

Today Top Movers

Nio Inc (NIO)‎, a Auto Manufacturer company, soared about 2.44% ‎at $49.93 in pre-market trading Monday after providing its December, fourth quarter and full year 2020 delivery results.‎

‎Canaan Inc (CAN) share price increased 20.57% to $7.15 during early morning ‎trading session on Monday.‎‎

‎Castor Maritime Inc (CTRM) stock ascended 6.48% at $0.19 in the pre-‎market trading today following the announcement of pricing of $18.0 million registered direct offering.‎

‎Sundial Growers Inc (SNDL) gained over 2.30% at $0.48 in pre-market ‎trading on Monday.‎ The company recently revealed that it has closed the acquisition of a special purpose vehicle.

Top Upgrades & Downgrades

Barclays turned bullish on Ally Financial Inc. (ALLY), upgrading the stock to “Overweight” and assigning a $48 price target.

The Goldman Sachs Group Inc. (GS) has won the favor of Barclays’s equity research team. The firm upgraded the shares from Equal-Weight to Overweight and moved their price target to $362.

Morgan Stanley (MS) received an upgrade from analysts at Barclays, who also set their one-year price target on the stock to $88. They changed their rating on MS to Overweight from Equal-Weight in a recently issued research note.

Earlier Monday Jefferies reduced its rating on Masco Corp (NYSE: MAS) stock to Hold from Buy and assigned the price target to $61.

Barclays analysts reduced their investment ratings, saying in research reports covered by the media that its rating for Zions Bancorporation (NASDAQ: ZION) has been changed to Equal Weight from Overweight and the new price target is set at $50.

Analysts at Barclays downgraded Citigroup Inc (NYSE: C)’s stock to Equal Weight from Overweight on Monday.

Latest Insider Activity

AbbVie Inc. (ABBV) EVP, Commercial Operations Stewart Jeffrey Ryan announced the sale of shares taking place on Dec 29 at $105.00 for some 25,290 shares. The total came to more than $2.66 million.

Walmart Inc. (WMT) 10% Owner WALTON JIM C sold on Dec 30 a total 372,175,368 shares at $144.23 on average. The insider’s sale generated proceeds of almost $229.12 million.

The Kroger Co. (KR) Director SARGENT RONALD declared the purchase of shares taking place on Dec 30 at $31.65 for some 3,200 shares. The transaction amount was around $0.1 million.

Clearside Biomedical Inc. (CLSD) 10% Owner WHITMORE BRADFORD T bought on Dec 24 a total 3,179,095 shares at $1.95 on average. The purchase cost the insider an estimated $99,897.

Important Earnings

Top US earnings releases scheduled for tomorrow include SMART Global Holdings Inc. (NASDAQ:SGH). It will announce its Nov 2020 financial results. The company is expected to report earnings of $0.7 per share from revenues of $290.93M in the three-month period.

January 4, 2021
‎26 stocks making the biggest moves premarket today

‎Mereo BioPharma Group plc (MREO) stock plunged -7.78% to $3.32 in the pre-‎market trading after declaring collaboration and license agreement with Ultragenyx Pharmaceutical ‎Inc. (RARE), for Setrusumab in Osteogenesis Imperfecta.‎

‎Naked Brand Group Limited (NASDAQ: NAKD) shares are trading up ‎‎11.45% ‎at ‎‎$0.2044 at the time of writing. Company’s 52-week ranged between $0.07 to $3.70.‎

‎Exela Technologies Inc. (XELA) is down more than -9.79% at $0.4128 in pre-market ‎hours Monday December 21, 2020 following the announcement from the firm that it has entered into ‎a 5-year, $145 million term loan facility with Angelo Gordon, a global alternative investment firm. The ‎stock had jumped over 26.10% to $0.46 in the last trading session.‎

‎Zomedica Corp. (ZOM) tumbled over -5.22% at $0.1959 in pre-market trading today.‎

Before the trading started on December 21, 2020, BlackBerry Limited (BB) is down -‎‎3.17% to reach $6.73 after releasing financial results for the three months ended November 30, 2020. It ‎has been trading in a 52-week range of $2.70 to $9.69.‎

‎General Electric Company (GE), a Specialty Industrial Machinery company, dropped ‎about -6.11% at $10.15 in pre-market trading Monday after announcing expiration and results of its ‎debt tender offers.‎

‎Phunware Inc. (PHUN) lost over -10.38% at $0.95 in pre-‎‎market ‎trading ‎Monday ‎December 21, 2020.‎

‎American Airlines Group Inc. (AAL) lost over -7.03% at $15.35 in pre-market trading ‎Monday December 21, 2020.‎

Before the trading started on December 21, 2020, Carnival Corporation & Plc (CCL) is ‎down -9.79% to reach $19.36. It has been trading in a 52-week range of $7.80 to $51.94.‎

‎FuelCell Energy Inc. (FCEL) stock moved down -4.3 percent to $8.9 in the pre-‎market trading after declaring that state regulators have improperly rescinded RFP awards for three ‎fuel cell projects previously selected in the Shared Clean Energy Facility program, putting its state high ‎tech manufacturing job growth at risk.‎

‎Exicure Inc. (XCUR) stock soared 7.04% to $2.13 in the pre-‎‎market ‎trading. ‎The ‎most ‎recent rating by BMO Capital Markets, on December 18, 2020, is ‎an ‎Outperform.‎

‎Genius Brands International Inc. (GNUS), a Entertainment company, rose about ‎‎3.18% at $1.62 in pre-market trading Monday. The firm recently revealed that it has licensed streaming ‎and select video-on-demand rights to the hit family series, The Wubbulous World of Dr. Seuss (20 x ‎‎22’), from The Jim Henson Company on Kartoon Channel!‎

‎SolarWinds Corporation (NYSE: SWI) shares are trading ‎up ‎‎6.7% ‎at ‎‎$15.13 ‎at ‎the ‎time of writing. Company’s 52-week ranged between $11.50 ‎to ‎‎$24.34. ‎Analysts ‎have ‎a ‎consensus ‎price target of $26. ‎

‎Norwegian Cruise Line Holdings Ltd. (NCLH) lost over -10.01% at $22.66 in pre-‎market trading Monday December 21, 2020 after reporting that it has closed its previously announced ‎private offering of $850 million aggregate principal amount of its 5.875% senior notes due 2026 (the ‎‎“Notes”).‎

Before the trading started on December 21, 2020, Nokia Corporation (NOK) is down ‎‎-5.25% to reach $3.79. The company recently declared that it has launched 5G services with Polkomtel, ‎operator of the Plus network, in the capital city of Warsaw as well as other major cities in the eastern ‎part of the country. It has been trading in a 52-week range of $2.34 to $5.14.‎

‎Corbus Pharmaceuticals Holdings Inc. (CRBP) is up more than 12.0% at $1.68 in pre-‎‎‎‎‎‎‎‎market hours Monday December 21, 2020. The stock had jumped ‎over ‎‎11.11% ‎to ‎‎$1.50 ‎in ‎the ‎last ‎trading session.‎

‎Schlumberger Limited (NYSE: SLB) shares are trading down -6.95% at $20.76 at the ‎time of writing. The firm will hold a conference call on January 22, 2021 to discuss the results for the ‎fourth quarter and full year ending December 31, 2020. Company’s 52-week ranged between $11.87 to ‎‎$41.14.‎

‎Exxon Mobil Corporation (NYSE: XOM) shares are trading down -5.27% ‎at ‎‎$40.48 ‎at ‎the time of writing. Company’s 52-week ranged between $30.11 to $71.37. Analysts ‎have ‎a ‎consensus ‎price target of $52.‎

‎Transocean Ltd. (RIG) is down more than -14.92% at $2.11 in pre-market hours ‎Monday December 21, 2020 after announcing successful court ruling granting its motion for summary ‎judgment and holding internal reorganization did not violate indenture. The stock had dropped over -‎‎3.50% to $2.48 in the last trading session.‎

‎Simon Property Group Inc. (SPG) tumbled over -5.07% at $81.1 in pre-market ‎trading today. The firm recently declared a common stock dividend for the fourth quarter 2020.‎
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‎Energy Transfer LP (ET), a Oil & Gas Midstream company, dropped about -‎‎‎‎5.9% ‎at ‎‎$6.38 in pre-market trading Monday.‎

‎Cinedigm Corp. (CIDM) stock moved up 4.11 percent to $0.798 in the pre-market ‎trading after revealing the launch of The Bob Ross Channel on the Roku platform.‎

Before the trading started on December 21, 2020, Coty Inc. (COTY) is down -6.15% ‎to reach $6.56. The company lately reported two additions to its Board of Directors with the ‎appointments of Anna Adeola Makanju and Mariasun Aramburuzabala Larregui. It has been trading in ‎a 52-week range of $2.65 to $13.01.‎

‎JPMorgan Chase & Co. (JPM) gained over 2.24% at $121.75 in pre-‎‎‎‎market ‎trading ‎Monday December 21, 2020. ‎

‎Apache Corporation (NASDAQ: APA) shares are trading down -11.29% at $13.6 at ‎the time of writing after announcing the donation of more than 64,000 trees to 56 nonprofit partner ‎organizations through the annual Apache Tree Grant Program. Company’s 52-week ranged between ‎‎$3.80 to $33.77. Analysts have a consensus price target of $16.‎

December 21, 2020
Top 20 Banking Industry Stocks For October 2020

Banking Industry is continuously adopting digitization and new-age technologies around the world. The COVID-19 pandemic has forced the banks to change their decision-making processes and focus on cost. This industry has eagerly adopted machine learning and artificial intelligence to cope up with the challenges it has experienced due to the ongoing pandemic. The first and foremost priority of banks is always customers. Banks are striving to improve the experience of their customers by bringing new innovations.

One thing which the pandemic has taught to every industry is the importance of technology. Now this industry is looking for ways to adopt new technologies such as blockchain, artificial intelligence, machine learning, and cloud computing. Customers across all industries want smooth experiences. The banking industry is of no exception. Best-in-class customer services and frictionless experiences are always the main priority of the banking sector.

Here are the top 20 leading companies in the bank diversified industry. Let’s take a look at how these companies are providing the best-in-class services to its customers:

Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (NYSE: BAC) shares were trading down -1.02% at $24.37 at the time of writing on Tuesday. Bank of America Corporation (NYSE: BAC) share price went from a low point around $17.95 to briefly over $35.72 in the past 52 weeks, though shares have since pulled back to $24.37. BAC market cap has remained high, hitting $210.18B at the time of writing, giving it a price-to-sales ratio of more than 3.

BAC has earlier introduced the Life Plan® to improve the experience e of its customers. This new initiative will give digital experience to clients through which clients can set and track near and long-term goals based on their life priorities, and better understand and act on steps toward achieving them. If we look at the recent analyst rating BAC, Deutsche Bank upgraded coverage on BAC shares with a Buy rating and a $28.69 price target, which implies room for 4.32% upside momentum this year.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA)

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) last closed at $2.83, in a 52-week range of $2.49 to $5.80. Analysts have a consensus price target of $2.94. Banco Bilbao Vizcaya Argentaria S.A. (BBVA) Senior Executive Vice President and Chief Talent & Culture Executive Rosilyn Houston has been named earlier to American Banker’s Top 25 Most Powerful Women in Banking list, marking the fifth consecutive year she has been recognized by the outlet.

Barclays PLC (NYSE: BCS)

Barclays PLC (NYSE: BCS) stock soar by 2.92% to $5.28. The most recent rating by Investec, on July 10, 2020, is at a Buy. Barclays PLC (BCS) has disclosed previously that during the next quarterly index rebalancing period, which will start after the close of business on Friday, October 9, 2020, there will be no changes to the constituents in the Index. BCS market capitalization has remained high, hitting $22.83 billion at the time of writing.

Bank of Montreal (NYSE: BMO)

Bank of Montreal (NYSE: BMO) shares headed rising, higher as much as 2.18%. The most recent rating by BofA Securities, on October 06, 2020, is at a Neutral. BMO has disclosed that it will implement a 1-for-20 reverse split of its MicroSectors™ U.S. Big Oil Index 3X Leveraged ETNs, anticipated to be effective as of October 12, 2020. The reverse split will be effective at the open of trading on October 12, 2020. NRGU will commence trading on the NYSE Arca on a reverse split-adjusted basis on October 12, 2020.

Citigroup Inc. (NYSE: C)

Citigroup Inc. (NYSE: C) last closed at $44.41, in a 52-week range of $32.00 to $83.11. Analysts have a consensus price target of $67.48. Citigroup Inc. (C) has disclosed that it has it expelled a manager in its technology department after an investigation into his role as the operator of a popular website dedicated to the unfounded QAnon conspiracy theory. Citigroup Inc. has a trading volume of 29.43 million as compared to the average volume of 23.11 million.

Credit Suisse Group AG (NYSE: CS)

Credit Suisse Group AG (NYSE: CS) shares headed falling, lower as much as -0.19%. The most recent rating by Exane BNP Paribas, on September 03, 2020, is at an Outperform. Credit Suisse Group AG (CS) has earlier announced coupon payments for the various ETNs. The company revealed that for each ETN, the Current Yield equals the Coupon Amount, annualized and divided by the Closing Indicative Value.

East West Bancorp Inc. (NASDAQ: EWBC)

East West Bancorp Inc. (NASDAQ: EWBC) rose 0.45% after gaining more than $0.16 on Tuesday. East West Bancorp Inc. (EWBC) parent company of East West Bank, the financial bridge between the United States and Greater China, announced that it will share third-quarter 2020 financial results before the market opens on Thursday, October 22, 2020.

HSBC Holdings plc (NYSE: HSBC)

HSBC Holdings plc (NYSE: HSBC) last closed at $19.99, in a 52-week range of $17.95 to $39.69. Analysts have a consensus price target of $22.56. HSBC Holdings plc (HSBC) part of HSBC Group, has provided $800,000 in grants to selected Community Development Financial Institutions (CDFIs) and nonprofits.

JPMorgan Chase & Co. (NYSE: JPM)

JPMorgan Chase & Co. (NYSE: JPM) shares headed falling, lower as much as -1.03%. The most recent rating by Deutsche Bank, on September 03, 2020, is at a Buy. JPMorgan Chase & Co. (JPM) announced that it is adopting a financing commitment that is aligned to the goals of the Paris Agreement (Paris). As part of its strategy, the firm plans to help clients navigate the challenges and capitalize on the long-term economic and environmental benefits of transitioning to a low-carbon world.

NatWest Group plc (NYSE: NWG)

NatWest Group plc (NYSE: NWG) stock soar by 2.81% to $2.93. NatWest Group plc (NWG) Chief Executive Alison Rose said she was already thinking about how to prepare the state-baked lender for negative rates, although she still believed the monetary policy remained “hypothetical” for now.

Banco Santander S.A. (NYSE: SAN)

Banco Santander S.A. (NYSE: SAN) rose 3.16% after gaining more than $0.06 on Tuesday. Banco Santander S.A. (SAN) chairman Ana Botín said on Tuesday that there were tough times ahead as the world entered in the second wave of the novel coronavirus crisis – and that there could even be a third wave.

UBS Group AG (NYSE: UBS)

UBS Group AG (NYSE: UBS) shares headed rising, higher as much as 0.09%. The most recent rating by Berenberg, on May 04, 2020, is at a Hold. UBS Wealth Management USA revealed that three financial advisors have joined the firm in California. Henry Anthony (Tony) Hernandez and Robert Magallanes will be based in Irvine, Orange County, and Carl Nelson will be based in downtown Los Angeles.

The Bank of Nova Scotia (NYSE: BNS)

The Bank of Nova Scotia (NYSE: BNS) fall -0.05% after losing more than -$0.02 on Tuesday. The Bank of Nova Scotia (NYSE: BNS) share has fluctuated $31.94 from its 52-weeks low range and $58.22 from its 52-weeks high range. BNS has traded up 31.50% from its 52-weeks low and moved down -27.86% from its 52-weeks high. The Bank of Nova Scotia market capitalization has remained high, hitting $50.43 billion at the time of writing.

Canadian Imperial Bank of Commerce (NYSE: CM)

Canadian Imperial Bank of Commerce (NYSE: CM) stock soar by 0.14% to $76.36. The most recent rating by Canaccord Genuity, on August 28, 2020, is at a Buy. Canadian Imperial Bank of Commerce (CM) share price went from a low point around $46.45 to briefly over $87.62 in the past 52 weeks, though shares have since pulled back to $76.36. CM market cap has remained high, hitting $33.94 billion at the time of writing.

ING Groep N.V. (NYSE: ING)

ING Groep N.V. (NYSE: ING) stock soar by 1.89% to $7.54. The most recent rating by Credit Suisse, on September 08, 2020, is at an Outperform. ING Groep N.V. (ING) share has fluctuated $4.52 from its 52-weeks low range and $12.44 from its 52-weeks high range. ING has traded up 66.81% from its 52-weeks low and moved down -39.39% from its 52-weeks high. ING Groep N.V. market capitalization has remained high, hitting $28.76 billion at the time of writing.

Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG)

Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) fall -0.73% after losing more than -$0.03 on Tuesday. Mitsubishi UFJ Financial Group Inc. (MUFG) share price went from a low point around $3.32 to briefly over $5.54 in the past 52 weeks, though shares have since pulled back to 4.08. MUFG market cap has remained high, hitting $53.89 billion at the time of writing.

The Bank of N.T. Butterfield & Son Limited (NYSE: NTB)

The Bank of N.T. Butterfield & Son Limited (NYSE: NTB) last closed at $24.81, in a 52-week range of $13.76 to $38.05. Analysts have a consensus price target of $29.17. The Bank of N.T. Butterfield & Son Limited (NTB) has traded up 80.31% from its 52-weeks low and moved down -34.80% from its 52-weeks high. The Bank of N.T. Butterfield & Son Limited market capitalization has remained high, hitting $1.22 billion at the time of writing.

Royal Bank of Canada (NYSE: RY)

Royal Bank of Canada (NYSE: RY) shares headed falling, lower as much as -0.18%. The most recent rating by Barclays, on August 19, 2020, is at an Overweight. Royal Bank of Canada (RY) share price went from a low point around $49.55 to briefly over $82.74 in the past 52 weeks, though shares have since pulled back to 71.87. RY market cap has remained high, hitting $101.74 billion at the time of writing.

Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG)

Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) last closed at $5.69, in a 52-week range of $4.49 to $7.56. Analysts have a consensus price target of $9.26. Sumitomo Mitsui Financial Group Inc. (SMFG) market cap has remained high, hitting $38.15 billion at the time of writing.

The Toronto-Dominion Bank (NYSE: TD)

The Toronto-Dominion Bank (NYSE: TD) stock drop by -0.63% to $47.57. The most recent rating by BofA Securities, on October 06, 2020, is at an Underperform. The Toronto-Dominion Bank (TD) has a total market capitalization of $84.81 billion at the time of writing.

October 7, 2020
15 Trending Stocks In Banking Industry To Invest In

Digitalization has changed the way how people interact with each other and how they pursue their business activities. Similarly, the advancements and emergence of new banking technologies are continuing to influence the future of financial services around the globe. Digitalization and automation will continue to bring structural adjustments in the size of the bank industry workforce.

Banks diversified industry is known for its diversified services to its customers according to their needs. Financial companies provide various financial services to various institutes, governments, consumers, and various corporations. Diversified financial services company provides banking, investment, mortgage, and various products and services to businesses, institutions, and individuals, around the world.

Here are the top best-performing companies in the diversified banking sector which are following new market trends to provide the best services to customers:

Citigroup Inc. (NYSE:C)

Citigroup Inc. (NYSE:C) shares were trading down -6.94% at $44.81 at the time of writing on Tuesday. Citigroup Inc. (NYSE:C) share price went from a low point around $32.00 to briefly over $83.11 in the past 52 weeks, though shares have since pulled back to $44.81. C market cap has remained high, hitting $93.20B at the time of writing, giving it a price-to-sales ratio of more than 1.

Federal regulators are gearing up to reprimand Citigroup Inc for failing to improve its risk-management systems. Citigroup Inc. (NYSE:C) has earlier disclosed its long-term partnership with Wayfair to provide a new private label Wayfair credit card and a co-brand Wayfair Mastercard. The decision of partnership came after Citigroup saw an increase in demand for online shopping. If we look at the recent analyst rating C, Odeon downgraded coverage on C shares with a Sell rating and a $69.21 price target, which implies room for 24.4% upside momentum this year.

Bank of America Corporation (NYSE: BAC)

Bank of America Corporation (BAC) last closed at $25.28, in a 52-week range of $17.95 to $35.72. Bank of America has announced redemption of senior notes. The redemption price for each series of the Senior Notes will be equal to 100% of the principal amount of such series, plus accrued and unpaid interest. It also excludes, the redemption date of October 1, 2020. Analysts have a consensus price target of $28.61.

JPMorgan Chase & Co. (NYSE: JPM)

JPMorgan Chase & Co. (NYSE: JPM) Shares headed falling, lower as much as -3.11%. The most recent rating by Deutsche Bank, on September 03, 2020, is at a Buy. JPMorgan Chase & Co. (JPM) and BlackRock Inc both entered into a partnership agreement with AI technology startup Saphyre to automate the opening of custody accounts. It was also the winning bidder on $900 million of New York Metropolitan Transportation Authority debt to finance subway, bus, and commuter-rail capital projects as the transit agency.

Credit Suisse Group AG (NYSE: CS)

Credit Suisse Group AG (NYSE: CS) stock drop by -2.41% to $10.92. The most recent rating by Exane BNP Paribas, on September 03, 2020, is at an Outperform. Credit Suisse Group AG (CS) and UBS Group are planning to create one of Europe’s largest banks. Credit Suisse has announced that it will launch a digital banking app in October challenging fintech like Revolut in the Swiss bank’s home market by offering free foreign transactions and fully digital wealth management.

The Toronto-Dominion Bank (NYSE: TD)

The Toronto-Dominion Bank (NYSE: TD) stock drop by -0.27% to $47.95 after TD has introduced its annual TD Thanks You campaign. The campaign aimed at thanking and rewarding those who are making an impact in their communities during this ongoing pandemic. The most recent rating by Barclays, on August 19, 2020, is at an Equal-weight.

UBS Group AG (NYSE: UBS)

UBS Group AG (NYSE: UBS) stock drop by -1.84% to $12.29 after UBS YES INVESTORS: Dimond Kaplan & Rothstein, P.A. has lodged another FINRA Arbitration claim to recover yield enhancement strategy options losses. The FINRA claim stated that UBS misreport the risks of its options program and failed to use proper risk controls. The most recent rating by Berenberg, on May 04, 2020, is at a Hold.

Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG)

Mitsubishi UFJ Financial Group Inc. (NYSE: MUFG) fall -0.24% after losing more than -$0.01 on Tuesday. Alphabet, Google’s parent company, Drager, and Peloton are the finalists for the AFP 2020 Pinnacle Award. The Pinnacle Award was sponsored by Mitsubishi UFJ Financial Group MUFG. The Pinnacle Award was established in 1997 to recognize excellence in treasury and finance.

Barclays PLC (NYSE: BCS)

Barclays PLC (NYSE: BCS) Shares headed falling, lower as much as -1.32%. The most recent rating by Investec, on July 10, 2020, is at a Buy. Barclays PLC has earlier disclosed that it will use its issuer call option and redeem, in full, its iPath MSCI India Index ETNs due December 18, 2036, on September 25, 2020. Previously, Apple Inc revealed on Tuesday that it has ended its long-time card partnership with Barclays Plc. The decision was taken to move designed to focus attention on its own Apple Card product-financing plans.

HSBC Holdings plc (NYSE: HSBC)

HSBC Holdings plc (NYSE: HSBC) last closed at $20.71, in a 52-week range of $20.54 to $39.69. Analysts have a consensus price target of $22.56. HSBC Holdings plc (HSBC) has earlier revealed that it has launched the Thought Leadership Webinar Series during climate week NYC. Climate Week NYC is one of the largest international summits focused on climate change. It will be hosted in association with the United Nations and the City of New York.

Wells Fargo & Company (NYS: WFC)

Wells Fargo & Company (NYSE: WFC) stock soar by 0.28% to $24.88. The most recent rating by Wolfe Research, on September 14, 2020, is at an Outperform. Wells Fargo & Company (WFC) share price went from a low point around $22.00 to briefly over $54.75 in the past 52 weeks, though shares have since pulled back to $24.88. Wells Fargo & Company (WFC) market cap has remained high, hitting $101.16 billion at the time of writing.

Banco Santander S.A. (NYSE: SAN)

Banco Santander S.A. (NYSE: SAN) fall -1.40% after losing more than -$0.03 on Tuesday. Banco Santander S.A. (SAN) shares fluctuated between the 52-weeks low range of $1.90 and a high range of $4.42. It has moved up 11.58% from its 52-weeks low and moved down -52.04% from its 52-weeks high. Banco Santander S.A.’s market capitalization has remained high, hitting $36.23 billion at the time of writing.

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA)

Banco Bilbao Vizcaya Argentaria S.A. (NYSE: BBVA) last closed at $2.82, in a 52-week range of $2.64 to $5.80. Analysts have a consensus price target of $2.94. Banco Bilbao Vizcaya Argentaria S.A. (BBVA) share price went from a low point around $2.10 to briefly over $6.31 in the past 52 weeks, though shares have since pulled back to $3.14. Banco Bilbao Vizcaya Argentaria S.A. market cap has remained high, hitting $1.16 billion at the time of writing.

ING Groep N.V. (NYSE: ING)

ING Groep N.V. (NYSE: ING) fall -0.95% after losing more than -$0.08 on Tuesday. ING Groep N.V. (ING) shares fluctuated between the 52-weeks low range of $4.52 and a high range of $12.44. It has moved up 84.07% from its 52-weeks low and moved down -33.12% from its 52-weeks high. ING Groep N.V.’s market capitalization has remained high, hitting $32.89 billion at the time of writing.

NatWest Group plc (NYSE: NWG)

NatWest Group plc (NYSE: NWG) Shares headed falling, lower as much as -1.15%. NatWest Group plc (NWG) share price went from a low point around $2.40 to briefly over $6.76 in the past 52 weeks, though shares have since pulled back to $2.57. NatWest Group plc. market cap has remained high, hitting $16.18 billion at the time of writing.

Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG)

Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG) last closed at $5.91, in a 52-week range of $4.49 to $7.56. Analysts have a consensus price target of $9.26. Sumitomo Mitsui Financial Group Inc. (SMFG) fluctuated between the 52-weeks low range of $4.49 and a high range of $7.56. It has moved up 31.36% from its 52-weeks low and moved down -21.83% from its 52-weeks high. Sumitomo Mitsui Financial Group Inc.’s market capitalization has remained high, hitting $40.47 billion at the time of writing.

September 16, 2020