Data News > XLF, JPM, WFC, BCS, RIOT showing five-day downward plunge
XLF is trading DOWN for the last 4 days, and it at trading at $40.22 with volume of 23,983,599 and a one day change of $-0.39 (-0.95%). SSgA Financial Select Sector SPDR has a 52-week low of 31.27 and a 52-week high of $42.22. The business's 50-day moving average price is $40.99 and its 200 day moving average price is $37.18. The firm has a market cap of $36 million, a P/E ratio of 0.00, and a beta of 1.03.
After a decade of decline following the 2008 financial crisis, U.S. banks are once again expanding their physical footprint, with 94 net new branches added in 2023, marking the first annual increase since 2012, as quoted in a Yahoo Finance article.
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JPM is trading DOWN for the last 4 days, and it at trading at $184.81 with volume of 10,831,583 and a one day change of $-10.62 (-5.43%). JPMorgan Chase & Co. has a 52-week low of 126.83 and a 52-week high of $200.94. The business's 50-day moving average price is $191.79 and its 200 day moving average price is $167.04. The firm has a market cap of $561 million, a P/E ratio of 12.05, and a beta of 1.12.
JPMorgan Chase & Co (NYSE:JPM) broke the seal of another earnings season today. The bank name surpassed first-quarter earnings and revenue expectations, but noted net interest income could miss analysts' estimates for 2024. Shares are down 5% to trade at $185.68 at last check, making now an excellent opportunity for investors to buy the dip. Although the revenue and EPS for JPMorgan Chase & Co. (JPM) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Bank stocks to check out in the stock market now. High rates, robust loan balance, the FRC deal, an increase in mortgage banking income and solid IB business aid JPMorgan's (JPM) Q1 earnings. High credit costs and weakness in the trading business are headwinds. An inflation warning from JPMorgan Chase (NYSE: JPM ) CEO Jamie Dimon sent JPM stock down despite an earnings beat. For the first quarter, the bank reported net income of $13.4 billion, $4.44 per share, on revenue of $41.9 billion.
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WFC is trading DOWN for the last 4 days, and it at trading at $56.59 with volume of 8,056,633 and a one day change of $-0.11 (-0.19%). Wells Fargo & Co. has a 52-week low of 36.40 and a 52-week high of $58.44. The business's 50-day moving average price is $56.58 and its 200 day moving average price is $48.05. The firm has a market cap of $201 million, a P/E ratio of 18.91, and a beta of 1.21.
Although the revenue and EPS for Wells Fargo (WFC) give a sense of how its business performed in the quarter ended March 2024, it might be worth considering how some key metrics compare with Wall Street estimates and the year-ago numbers. Wells Fargo (WFC) reported a 7% decline in first-quarter profit as high funding costs and lower loan balances took a bite out of net interest income. Bank stocks to check out in the stock market now. Wells Fargo & Co (NYSE:WFC, ETR:NWT) faced a setback in its first quarter as it missed estimates for net interest income (NII), signaling challenges amid muted loan growth and increased deposit payouts. The firm reported $12.2 billion in NII, down 8.3% from the previous year and slightly below analysts' expectations. Amid banking behemoth Goldman Sachs (NYSE: GS) suggesting that trouble was brewing in the stock market as hedge funds in the United States have been selling stocks at the fastest rate in three months and replacing them with short positions, the bearish sentiment is evident in yet another indicator.
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BCS is trading DOWN for the last 4 days, and it at trading at $9.26 with volume of 7,645,749 and a one day change of $-0.11 (-1.12%). Barclays plc has a 52-week low of 6.23 and a 52-week high of $9.98. The business's 50-day moving average price is $9.11 and its 200 day moving average price is $7.81. The firm has a market cap of $35 million, a P/E ratio of 6.89, and a beta of 1.38.
BlackRock Inc (NYSE:BLK) has lost an appeal in the UK to reclaim tax on the asset manager's US$13.5 billion (£10.8 billion) takeover of Barclays Global Investors in 2009. Following a years-long dispute, Britain's Court of Appeal denied BlackRock's efforts to reclaim funds from HM Revenue & Customs (HMRC) on Thursday.
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RIOT is trading DOWN for the last 4 days, and it at trading at $9.32 with volume of 5,764,092 and a one day change of $-0.44 (-4.46%). Riot Blockchain Inc has a 52-week low of 8.61 and a 52-week high of $20.65. The business's 50-day moving average price is $12.32 and its 200 day moving average price is $12.27. The firm has a market cap of $2 million, a P/E ratio of 132.61, and a beta of 4.28.
Recently, Zacks.com users have been paying close attention to Riot Platforms, Inc. (RIOT). This makes it worthwhile to examine what the stock has in store.
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XLF, JPM, WFC, BCS, RIOT showing five-day downward plunge
By KlickAnalytics Data Insights | April 12, 2024 10:47AM ET
SSgA Financial Select Sector SPDR (XLF)
XLF is trading DOWN for the last 4 days, and it at trading at $40.22 with volume of 23,983,599 and a one day change of $-0.39 (-0.95%). SSgA Financial Select Sector SPDR has a 52-week low of 31.27 and a 52-week high of $42.22. The business's 50-day moving average price is $40.99 and its 200 day moving average price is $37.18. The firm has a market cap of $36 million, a P/E ratio of 0.00, and a beta of 1.03.
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JPMorgan Chase & Co. (JPM)
JPM is trading DOWN for the last 4 days, and it at trading at $184.81 with volume of 10,831,583 and a one day change of $-10.62 (-5.43%). JPMorgan Chase & Co. has a 52-week low of 126.83 and a 52-week high of $200.94. The business's 50-day moving average price is $191.79 and its 200 day moving average price is $167.04. The firm has a market cap of $561 million, a P/E ratio of 12.05, and a beta of 1.12.
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Wells Fargo & Co. (WFC)
WFC is trading DOWN for the last 4 days, and it at trading at $56.59 with volume of 8,056,633 and a one day change of $-0.11 (-0.19%). Wells Fargo & Co. has a 52-week low of 36.40 and a 52-week high of $58.44. The business's 50-day moving average price is $56.58 and its 200 day moving average price is $48.05. The firm has a market cap of $201 million, a P/E ratio of 18.91, and a beta of 1.21.
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Barclays plc (BCS)
BCS is trading DOWN for the last 4 days, and it at trading at $9.26 with volume of 7,645,749 and a one day change of $-0.11 (-1.12%). Barclays plc has a 52-week low of 6.23 and a 52-week high of $9.98. The business's 50-day moving average price is $9.11 and its 200 day moving average price is $7.81. The firm has a market cap of $35 million, a P/E ratio of 6.89, and a beta of 1.38.
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Riot Blockchain Inc (RIOT)
RIOT is trading DOWN for the last 4 days, and it at trading at $9.32 with volume of 5,764,092 and a one day change of $-0.44 (-4.46%). Riot Blockchain Inc has a 52-week low of 8.61 and a 52-week high of $20.65. The business's 50-day moving average price is $12.32 and its 200 day moving average price is $12.27. The firm has a market cap of $2 million, a P/E ratio of 132.61, and a beta of 4.28.
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