Best Bank Stocks Based on Algo Trading: Returns up to 52.64% in 1 Month

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

Bank Stock Forecast
Package Name: Bank Stock Forecast
Recommended Positions: Long
Forecast Length: 1 Month (10/9/2020 – 11/10/2020)
I Know First Average: 26.23%
Best Bank Stocks
Best Bank Stocks chart

Several predictions in this 1 Month forecast saw significant returns. The algorithm had correctly predicted 10 out 10 stock movements. CASH was the highest-earning trade with a return of 52.64% in 1 Month. Additional high returns came from BHLB and TCBI, at 44.92% and 42.07% respectively. The package had an overall average return of 26.23%, providing investors with a 23.37% premium over the S&P 500’s return of 2.86% during the period.

Meta Financial Group, Inc., incorporated on June 14, 1993, is a unitary savings and loan holding company. The Company operates through its banking subsidiary, MetaBank (the Bank). Its segments include Payments, Banking, and Corporate Services/Other. MetaBank is both a community-oriented financial institution offering a range of financial services to meet the needs of the communities it serves and a payments company providing services on a nationwide basis. It operates in both the banking and payments industries through MetaBank, its retail banking operation; Meta Payment Systems (MPS), its electronic payments division; AFS/IBEX Financial Services Inc. (AFS/IBEX), its insurance premium financing division, and Refund Advantage, EPS Financial, LLC (EPS) Financial and Specialty Consumer Services, its tax-related financial solutions divisions. In addition to its community-oriented lending and deposit gathering activities, the Bank’s various divisions issue prepaid cards, design consumer credit products, sponsor automatic teller machines (ATMs) into various debit networks, and offer tax refund-transfer services and other payment industry products and services.

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.