Stock Picking: Up to 30.06% in 3 Months

Stock Picking

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 (5/15/15 – 8/15/15)
I Know First Average: 5.62%

stock picks

Wisdom Tree Investments, Inc (WETF) increased 30.06% in just 3 months, the top performing stock in the Bank Stocks Package forecast for that time period. Other top performing stocks were Synovus Financial Corporation (SNV) and Bank of America Corporation (BAC), offering notable returns of 11.21% and 7.46% respectively. In fact, 8 of the ten stocks increased in accordance with the algorithm’s prediction. The average return of the forecast was 5.62%, which is 5 times greater than the S&P 500 return of -1.39% during the same time horizon. 

Although the Bank of America Corporation managed to get nearly $2 billion dollars in legal obligations off its balance sheet, that decrease in liabilities had very little effect on trading.  The money earmarked for legal obligations was released due to the claims exceeding their statute of limitations, but the information was not widely publicized.  Not until the release of the earnings report for Q2 did the stock see much action.  With all of this money freed up, perhaps the stock price will rise again as people begin to realize that this extra money translates to more money for shareholders.

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.