Best 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: 7 Days (11/8/2020 – 11/16/2020)
I Know First Average: 14.07%

During the 7 Days forecasted period several picks in the Bank Stock Forecast Package saw significant returns. The algorithm had correctly predicted 9 out 10 returns. The highest trade return came from WMC, at 31.28%. TCBI and TWO saw outstanding returns of 21.9% and 21.43%. This algorithmic forecast package presented an overall return of 14.07% versus S&P 500’s performance of 3.35% providing a market premium of 10.72%.

Western Asset Mortgage Capital Corporation (WMC) operates as a real estate investment trust in the United States. It primarily focuses on investing in, financing, and managing a portfolio of agency and non-agency residential mortgage-backed securities and commercial mortgage-backed securities, residential whole-loans, and other financial assets. The company qualifies as a real estate investment trust for federal income tax purposes. It generally would not be subject to federal corporate income taxes if it distributes at least 90% of its taxable income to its stockholders. The company was founded in 2009 and is based in Pasadena, California.

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.