MARKET COMPOSITE
Major Banks Stocks29-02-2023 20:02:00 PM
Price
$98.63
-0.18%
The list of companies include ALRS-Alerus Financial Corp, AMNB-American National Bankshares Inc., AMTB-Amerant Bancorp Inc, AROW-Arrow Financial Corp., BAC-Bank Of America Corp., BK-Bank Of New York Mellon Corp, BMO-Bank of Montreal, BNS-Bank Of Nova Scotia, BRBS-Blue Ridge Bankshares Inc (VA), CADE-Cadence Bancorporation, CASH-Meta Financial Group Inc., CBNK-Capital Bancorp Inc, CHCO-City Holding Co., CM-Canadian Imperial Bank Of Commerce, CMA-Comerica, Inc., COF-Capital One Financial Corp., ESQ-Esquire Financial Holdings Inc, FBK-FB Financial Corp, FBMS-First Bancshares Inc Miss, FFBW-FFBW Inc., FNLC-First Bancorp Inc (ME), HOPE-Hope Bancorp Inc, JPM-JPMorgan Chase & Co., KEY-Keycorp, LARK-Landmark Bancorp Inc, MCB-Metropolitan Bank Holding Corp, NKSH-National Bankshares Inc., OFG-OFG Bancorp, OPOF-Old Point Financial Corp., PEBO-Peoples Bancorp, Inc. (Marietta, OH)
* Latest intraday update before market close @ 19:45:58 PM 09/29/2023
Summary
:
Average return is down -0.4%
Median return is down -0.4%
18 out of 59 stocks are up (limited to those with intraday pricing feeds).
Top Movers
:
BRBS -10.4%BBDO -4.2%MUFG -3.0%MFG -3.0%SMFG -2.5%SUPV -1.8%JPM -1.5%AROW -1.4%NECB -1.3%TRIN -1.2%CM -1.0%OFG -1.0%BAC -0.9%SAN -0.8%BNS -0.7%

Aggregated price index with volume information

Summary:

  • Major Banks stocks down 0.2% on average while median return down 0.2% in a day
  • Major Banks stocks down 0.6% on average while median return down 0.4% in a week
  • Major Banks stocks down 4.9% on average while median return down 3.9% in a month
  • When average return is significantly different from median return, this implies an asymmetry - composite return is driven by some outliners.

Aggregated price index (close) is based on equal weighted constituencies returns. Average short volume and average total volumes are averaged across all volume data among constituencies.

Related Stocks
Ticker
1d
7d
30d
PE Ratio
PE/G
P/B (mrq)
P/S (ttm)
Earning Growth
MarketCap
Short %
Held By Institutions %
RSI
Price Pattern
Resist Support
Days Since Channel Change
Channel Slope (daily rate %)
MCB3.8%
7.6%
-9.6%
1.503.6899%401.4M2%67%45\/\193-0.2%
SFNC2.8%
3.1%
-4.5%
8.073.161.053.92-13%2.1B4%85%46\/\386-0.1%
NKSH2.5%
-1.4%
-7.6%
6.211.164.7620%147.9M4%30%41\/\99-0.2%
KEY2.3%
1.4%
-3.3%
7.170.861.233.02326%10.1B1%83%46/\233-0.2%
HOPE2.0%
0.6%
-8.4%
5.821.30.843.8468%1.1B3%86%38\/-\193-0.2%
CMA1.8%
0.8%
-13.4%
4.35-0.961.233.245.5B3%82%37\/\386-0.2%
USB1.8%
-1.0%
-9.1%
9.182.061.794.1295%50.7B1%77%35\/\386-0.1%
TFC1.3%
1.9%
-5.4%
6.611.43.3739%38.1B1%74%45\/\386-0.1%
BBDO1.1%
7.2%
-1.5%
0.310.6682%29.5B0%51\/\56-0.3%
CBNK1.1%
2.4%
-0.4%
1.651.83206%267.7M2%29%50\-\/At support1000.2%
ALRS1.0%
2.5%
-4.9%
9.721.742.37184%363.4M1%38%47-/\193-0.1%
RMBI1.0%
-2.0%
-1.8%
0.954.735%127.3M3%29%44\-\/-At support56-0.0%
FNLC0.9%
0.9%
-6.4%
7.521.444.4537%260.8M1%50%43\/-\193-0.1%
RF0.9%
0.8%
-7.4%
7.32-0.461.153.28296%16.1B2%76%37\/-\193-0.1%
CADE0.8%
1.8%
-6.4%
9.691.213.252.2B5%92%44/\439-0.1%
CASH0.8%
0.4%
-4.2%
8.531.873.4813%1.2B5%81%38\/-/1930.1%
FBMS0.8%
2.5%
-5.3%
10.581.204.37100%839.3M1%62%42\/\193-0.1%
BBD0.7%
-0.7%
-7.8%
5.770.360.7182%29.4B18%41\/\/At support1240.1%
LARK0.7%
-2.9%
-6.7%
1.032.0660%95.2M3%28%38\/\51-0.3%
DB0.5%
2.5%
-1.4%
8.50.431.142230%22.4B1%34%58\/\119-0.0%
* P/E and MarketCap are refreshed daily using IEX Cloud service. P/B, P/S, PEG, growth, short%, HelbyInstitute are refreshed weekly using Yahoo feeds. For latest stock stats please visit Yahoo Finance.
* Price Patter: / is upward trend, \ is downward trend, - is sideway. Click on the ticker to go to stock page to see Bayesian Trend model plot of the time series.
* Channel and change points are derived from Bayesian Trend model, where the channel slope is the growth rate while change points are those the model partition the time series.
Detail Performance Summary
  • 1M winners are : Winners for past month are $SMFG 8.2%, $MUFG 7.1%, $MFG 4.3%, $HSBC 3.8%, $WF 3.8%
  • 1M losers are : Losers for past month are $USB -9.1%, $MCB -9.6%, $CMA -13.4%, $SUPV -27.2%, $BRBS -42.8%
  • 1W winners are : Winners for past week are $MCB 7.6%, $BBDO 7.2%, $OFG 5.0%, $CHCO 3.2%, $SFNC 3.1%
  • 1W losers are : Losers for past week are $MUFG -4.6%, $SMFG -4.8%, $MFG -6.0%, $SUPV -7.1%, $BRBS -28.0%
Pick two stocks to compare:

Correlation Analysis

Index correlation analysis

Correlation for the past month is 29.1%, for the past 3 months is 31.8%

In the past month for a 5 days rolling window, the highest corrrelation is 45.9%, the lowest correlation is 7.9%, the latest correlation is 26.8%

When a correlation deviated from the normal level and goes lower or even negative, it indicates some of stocks have deviated from the normal direction of the group. The deviation could reverse if long term level of correlation was at a higher level. It creates trading opportunities and deserves study whether the deviation is idiosyncratic or systematic.

Among pairwise correlation, the highest correlation is 83.9% between CBNK and HOPE

The lowest correlation is -35.1% between AMNB and CS

Stock news

    Trinity Capital Inc. (Nasdaq: TRIN) ("Trinity" or the "Company"), a leading provider of diversified financial solutions to growth stage companies, today announced an adjustment to the conversion rate of its 6.00% Convertible Notes due 2025 (the "Convertible Notes") as a result of the Company's cash dividend of $0.54 per share consisting of a regular dividend of $0.49 per share and a supplemental dividend of $0.05 per share, payable on October 13, 2023 to stockholders of record as of September 30

    CORAL GABLES, Fla., Sept. 29, 2023 (GLOBE NEWSWIRE) -- Amerant Bancorp Inc. (NYSE: AMTB) (the “Company”), today announced it will release third quarter 2023 earnings results on Thursday, October 19, 2023 after the market closes. Once released, investors may access Amerant’s earnings results at https://investor.amerantbank.com by choosing “Financial Results” under the “Financials Info” heading. On Friday, October 21, 2023, Jerry Plush, Chairman and Chief Executive Officer, and Sharymar Calderón,

    (Bloomberg) -- Morgan Stanley, Barclays Capital Inc. and DRW Securities LLC won dismissal of a lawsuit accusing them and others of manipulating the VIX index in 2018, causing hundreds of millions of dollars in losses to investment funds that bought options contracts tied to the widely watched benchmark.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landin

    (Bloomberg) -- UBS Group AG plans to end a deal Credit Suisse struck with Apollo Global Management Inc. for the management of assets linked to its securitized products group.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleDianne Feinstein, Longest-Serving Female Senator, Dies at 90UAW Aims For At Least 30% Wage Bump to Woo Ne

    Since UBS Group (UBS) already controls a securities venture in China and can't have two licenses in the same business, the sale of the brokerage venture of Credit Suisse in China is apt.

    Royal Bank of Canada (RBC) on Friday said it had injected capital into its Los Angeles-based subsidiary City National to boost the unit's liquidity and pay down a higher cost of borrowing. RBC, which bought City National in 2015 for $5.4 billion, said the move is part of management actions to improve profitability at City National. KBW analyst Mike Rizvanovic said he expects the outlook for City National to remain challenging as interest rates could potentially stay higher for longer.

    (Bloomberg) -- The JPMorgan Asset Management money manager at the helm of the largest active exchange-traded fund in the $7.2 trillion industry is coming to market with another equity strategy geared toward investors bracing for a period of uncertainty.Most Read from BloombergPakistan Rupee Set to Become Top Performing Currency Globally Europe’s Richest Royal Family Builds $300 Billion Finance EmpireTop Chinese Scientist Claims India Moon Landing Nowhere Near South PoleDianne Feinstein, Longest-

    BEST PRACTICES RBC Wealth Management recruited a former UBS advisor team that oversaw $1 billion in client assets, the company said. The advisors joined RBC in Leawood, Kan. The team, which calls itself the Total Wealth Management Group, includes advisors Patrick McCarthy, John Brown, Eric Taylor, and Scott Jones; senior financial associate Penny McKinney; senior business associate LaGina Nicholas; and associate financial advisor John McCarthy.

    TORONTO (Reuters) -Royal Bank of Canada (RBC) on Friday said it had injected capital into its Los Angeles-based subsidiary City National to boost the unit's liquidity and pay down a higher cost of borrowing. RBC, which bought City National in 2015 for $5.4 billion, said the move is part of management actions to improve profitability at City National. "An intercompany capital injection has been made into the City National subsidiary, further strengthening the capital and liquidity position of t...

    Ensuring Mike Slive’s Vision09-29-2023 14:15:00 PM

    Dr. Jeffrey Nix serves as a board member of the foundation driven to find a cure for prostate cancer. Throughout September, Regions Online Banking is proud to help support the fight against prostate cancer.NORTHAMPTON, MA / ACCESSWIRE / September ...