💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

Which Banks Have Sizzling Earnings Charts?

Published 07/10/2017, 06:05 AM
Updated 07/09/2023, 06:31 AM
C
-
AA
-
JPM
-
WFC
-
PNC
-
PEP
-
DAL
-

Earnings season is here again.

We no longer have Alcoa (NYSE:AA) to lead it off. Instead, this week, we’ll hear from Delta Airlines (NYSE:DAL), PepsiCo (NYSE:PEP) and a handful of the largest banks.

The banks have been in the spotlight as the Fed has raised interest rates. That should help the earnings outlook with the entire banking sector.

The largest banks have also mostly been given the green light to buy back shares and raise dividends.

And while most of the big banks have decent earnings surprise track records, some have better charts than others.

Who has the best earnings chart this week?

5 Big Banks with the Best Earnings Charts

1. Wells Fargo (NYSE:WFC) has just 2 misses in the last 5 years but it’s one of the few big banks whose shares have stalled. Will it finally break out of its narrow trading range this quarter?

2. Citigroup (NYSE:C) used to be the ignored cousin of the group but it has put together 9 beats in a row and shares are at 5-year highs.

3. JPMorgan (NYSE:JPM) has beat 6 quarters in a row. Will shares break out?

4. PNC Financial (NYSE:PNC) has missed just once in five years. Impressive. But is another beat enough to send this regional bank’s shares to new highs?

5. First Republic (NYSE:C) isn’t well known among the investor public, but it should be. Based in the San Francisco Bay Area, it has the best chart this week.

Want to Learn How to Trade Options?

Have you always wanted to trade stock options but are unsure where to begin or what to look for?

Each week, Zacks’ Dave Bartosiak will bring you a detailed explanation of the trades “live” on YouTube.

Watch him go through the trade as he answers your questions in real time.

Become one of Dave’s minions. Join the Zacks Live Trader community today. Click here for a free 14-day trial >>>

Will You Make a Fortune on the Shift to Electric Cars?

Here's another stock idea to consider. Much like petroleum 150 years ago, lithium power may soon shake the world, creating millionaires and reshaping geo-politics. Soon electric vehicles (EVs) may be cheaper than gas guzzlers. Some are already reaching 265 miles on a single charge.

With battery prices plummeting and charging stations set to multiply, one company stands out as the #1 stock to buy according to Zacks research.

It's not the one you think.

See This Ticker Free >>



J P Morgan Chase & Co (JPM): Free Stock Analysis Report

PNC Financial Services Group, Inc. (The) (PNC): Free Stock Analysis Report

Wells Fargo & Company (WFC): Free Stock Analysis Report

Citigroup Inc. (C): Free Stock Analysis Report

FIRST REPUBLIC BANK (FRC): Free Stock Analysis Report

Original post

Zacks Investment Research

Latest comments

Loading next article…
Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.