Top Performing 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
Recommended Positions: Long
Forecast Length: 3 Days (02/12/16 – 02/15/16)
I Know First Average: 3.77%

The machine learning algorithm correctly predicted 9 out of 10 stocks to increase for the long position in the 3-day time horizon for this package from February 12th. FBP was the top performing stock this week with a 10.96% return. Following FBP were stocks MTU, UNM, and HTLF with returns of 5.38%, 4.45%, and 4.34% for this time period. The average return for investors following this package was 3.77%, compared to the S&P 500’s return of only 1.95%.

First BanCorp. (FBP) is the bank holding company for FirstBank Puerto Rica. They provide a range of financial products and services to various retail, commercial and institutional clients. The company recently released their quarterly earnings report for the last quarter of 2015, revealing a slight increase in revenue from the previous quarter. 2015 was a busy year for First BanCorp. and CEO, Aurelio Alemán, has said that their management team is dedicated to improving franchise metrics to boost share prices.

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.