Bank Stocks

This forecast is designed for investors and analysts who need predictions of Bank Stocks (see Bank Stocks Package). It includes 20 stocks with bullish and bearish signals and indicates the best bank stocks to buy:

• Top 10 Bank stocks for the long position
• Top 10 Bank stocks for the short position

Package Name: Bank Stock Forecast
Recommended Positions: Long
Forecast Length: 14 Days (5/24/2020 – 6/8/2020)
I Know First Average: 31.33%

10 out of 10 stock prices in this forecast for the Bank Stock Forecast Package moved as predicted by the algorithm. The highest trade return came from ING, at 44.44%. IBTX and ESNT followed with returns of 40.99% and 36.14% for the 14 Days period. The package had an overall average return of 31.33%, providing investors with a premium of 21.96% over the S&P 500’s return of 9.37% during the same period.

ING Groep N.V., a financial institution, provides various banking products and services to individuals, small and medium-sized enterprises, and mid-corporates. It operates through Retail Netherlands, Retail Belgium, Retail Germany, Retail Other, and Wholesale Banking segments. The company accepts various deposits, such as current and savings accounts; and offers business lending, consumer lending, and lease products. It also provides mortgages; corporate, structured, and real estate financing services; financial markets products; and cash management, transaction, and trade finance services, as well as working capital solutions. It operates in the Netherlands, Belgium, Rest of Europe, North America, Latin America, Asia, and Australia. The company was founded in 1991 and is based in Amsterdam, Netherlands. ING Groep N.V. formerly operated as a subsidiary of Stichting ING Aandelen.

Algorithmic traders utilize these daily forecasts by the I Know First market prediction system as a tool to enhance portfolio performance, verify their own analysis and act on market opportunities faster. This forecast was sent to current I Know First subscribers.

How to interpret this diagram

Algorithmic Stock Forecast: The table on the left is a stock forecast produced by I Know First’s algorithm. Each day, subscribers receive forecasts for six different time horizons. Note that the top 10 stocks in the 1-month forecast may be different than those in the 1-year forecast. In the included table, only the relevant stocks have been included. The boxes are arranged according to their respective signal and predictability values (see below for detailed definitions). A green box represents a positive forecast, suggesting a long position, while a red represents a negative forecast, suggesting a short position.

Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.