Top Stock Picks

This Bank Stocks forecast is designed for investors and analysts who need predictions of the best performing top stock picks 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 – 02/16/16)
I Know First Average: 8.00%

The predictive algorithm correctly forecasted 10 out of 10 stocks picks to increase for the long position in the 3-day time horizon for this package from February 12th. The top performing stock in this package was FBP with an outstanding 16.89% return. More Top stock picks for this week were WETF, UNM, and MTU with returns of 10.83%, 10.34%, and 9.36% respectively. The average return for this package was 8.00%, outperforming the S&P 500’s return of 3.64% for the same time period.

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.

How to interpret this diagram

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