After plunging amid the coronavirus market crash, a brutal recession and sub-1% 10-year Treasury rates, JPMorgan Chase (JPM), Bank of America (BAC) and Wells Fargo (WFC) have gotten a boost from coronavirus vaccines and the prospect of bigger stimulus.
Treasury yield spreads are widening once again, with the 10-year rate back above 4%. Investment banking activity has picked up, while investors are looking ahead to the prospect of an end to Covid restrictions and full economic recoveries later this year for banks such as JPMorgan, Goldman Sachs (GS), Morgan Stanley (MS) and Citigroup (C).
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Top Stocks JPMorgan, Citigroup, Wells Fargo Set To Kick Off Q1 Earnings SeasonWells Fargo stock hasn’t given up much ground after a heavy-volume breakout in mid-February. Wells Fargo is among a group of financial stocks set to kick off Q1 earnings season. JPMorgan and… Read More
Stocks With Rising Relative Strength: Bread FinancialBread Financial saw a positive improvement to its Relative Strength (RS) Rating on Friday, rising from 69 to 79. This proprietary rating tracks technical performance by showing how a stock’s price movement… Read More
Futu Holdings ADR Getting Closer To Key Technical BenchmarkFutu Holdings ADR saw a positive improvement to its Relative Strength (RS) Rating on Friday, with an increase from 68 to 72. This exclusive rating from Investor’s Business Daily identifies share price… Read More
American Express, 3 Other Finance Companies Lead 20 Stocks New To IBD 50, IPO Leaders And More Stock ListsAmerican Express is one of four finance companies joining IBD’s premier IBD 50 list of top-rated stocks. All told, there are 20 new names on various IBD watchlists today. Keeping your watchlist… Read More
Stocks Showing Improved Relative Strength: GATXGATX saw a positive improvement to its Relative Strength (RS) Rating on Thursday, with an increase from 68 to 71. IBD’s proprietary rating measures market leadership with a 1 (worst) to 99… Read More
Mastercard Stock Just Off Its All-Time High, Earnings On Tap; Gets Rating UpgradeCredit card giant Mastercard is trading near its all-time high from a couple of weeks ago. It’s posted double-digit profit and sales growth the past three quarters in a row, and earned… Read More
Stocks To Watch: Qifu Technology ADR Sees Relative Strength Rating Rise To 81The Relative Strength (RS) Rating for Qifu Technology ADR jumped into a new percentile Wednesday, with an increase from 65 to 81. This proprietary rating tracks market leadership by showing how a… Read More
