Best Bank Stocks Based on Algorithms: Up to 11.84% in 3 Months
Best Bank Stocks
This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing stocks for a specific industry: Best Bank Stocks. 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 Stocks
Forecast Length: 3 Months (04/20/15 – 07/20/15)
I Know First Average: 6.83%
9 of the 10 stocks included in the Bank Stocks forecast from 04/20/15 increased in accordance with the algorithm’s prediction for the Long time horizon. The top performing stocks were ZION and WETF, with incredible returns of 11.84% and 11.56%. BKX^, JPM also posted outstanding returns of 11.39% and 10.94% during that time period, offering large returns to investors. Investors using the I Know First service who invested evenly in these stocks would have outperformed the S&P 500 average of 2.26% by 4.57% during the predicted time horizon.
According to Zacks, Zion’s first-quarter 2015 earnings outpaced their Consensus Estimate. A marginal increase in net interest income as well as benefit from provisions, partly offset by lower non-interest income led to the better-than-expected results.
Zion’s Bancorporation is a financial holding company. The Company owns and operates eight commercial banks with a total of approximately 460 domestic branches as of December 31, 2014. The Company provides banking and related services through its banking and other subsidiaries, primarily in Arizona, California, Colorado, Idaho, Nevada, New Mexico, Oregon, Texas, Utah, Washington and Wyoming.
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 algorithmic traders.
How to interpret this diagram
Please note-for trading decisions use the most recent forecast. Get today’s forecast and Top stock picks.
