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: 1 Month (11/8/2020 – 12/9/2020)
I Know First Average: 32.52%

In this 1 Month forecast for the Bank Stock Forecast Package, there were many high performing trades and the algorithm correctly predicted 10 out 10 trades. SAN was the highest-earning trade with a return of 62.78% in 1 Month. The suggested trades for BHLB and BGCP also had notable 1 Month yields of 47.23% and 36.55%, respectively. The package’s overall average return was 32.52%, providing investors with a 27.86% premium over the S&P 500’s return of 4.66% during the same period.

Banco Santander, S.A. (SAN), together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients. The company offers demand and time deposits, and current accounts; mortgages and auto finance, personal loans, and loans to buy durable goods; and debit and credit cards. It also provides cash management, trade finance, financing and custody, and bond and securitization origination services; originates and distributes corporate loans and structured financings; and offers corporate finance services for mergers and acquisitions, equities markets, and investment solutions through derivatives, as well as asset and capital structuring. In addition, the company is involved in the corporate banking, treasury, and investment banking activities; sale and distribution of fixed income and equity derivatives, interest rates, and inflation; trading and hedging of exchange rates and short-term money markets for wholesale and retail customers; and brokerage of equities, and derivatives for investment and hedging solutions. Further, it offers asset management, private banking, and payment capture and processing services, as well as mobile and online banking services. Banco Santander, S.A. (SAN) operates through 13,030 branches worldwide. The company was formerly known as Banco Santander Central Hispano S.A. and changed its name to Banco Santander, S.A. (SAN) in June 2007. Banco Santander, S.A. was founded in 1857 and is headquartered in Madrid, Spain.

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.