Best Bank Stocks Based on Algorithms: Up to 14.42% 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 (4/26/15 – 7/26/15)
I Know First Average: 7.00%

Best Bank Stocks Based On Machine Learning

8 of the 10 stocks included in the Bank Stocks forecast from 04/26/15 increased in accordance with the algorithm’s prediction for the Long time horizon. The top performing stocks were SNV and ZION, with incredible returns of 14.42% and 13.93%. CS, JPM also posted outstanding returns of 11.66% and 10.80% 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 -1.80% by 7% during the predicted time horizon.

Zion’s Bancorporation is a financial holding company. 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.

Synovus Financial Corporation also surpassed Wall Street expectations with its Q2 earnings. This impressive results were due to lower expenses and higher mortgage banking revenues. They reported a second-quarter earnings of 42 cents per share beating the consensus.

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.

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