Top Financial Stocks for the Week
The post Top Financial Stocks for the Week by Ryan Peterson appeared first on Benzinga . Visit Benzinga to get more great content like this.
The financial sector is made up of companies that operate in the various offerings within the finance industry–encompassing everything from insurance and money management to payments and digital banking technology. This sector includes some of the world’s most well-known and largest companies, such as Square, Morgan Stanley, American Express, and Bank of America.
Stocks in the tech sector, which are holistically represented by the Fidelity® MSCI Financials ETF (FNCL), have broadly outperformed the market as FNCL has provided investors with a return of 52.88% over the past 12 months, above the S&P 500’s total returns of 32.84%.
Here are the top technology stocks with the highest growth, greatest value, strongest momentum, and most searches on Google.
Contents Best Value Financial Stock: Capital One Financial (COF) Best Growth Financial Stock: Truist Financial Corporation (TFC) Financial Stock With the Most Momentum: Upstart Holdings (UPST) Most Trending Tech Stock: Berkshire Hathaway Inc. (BRK-B) Best Online Stock Brokers Stock Pick Methodology Sources
Best Value Financial Stock: Capital One Financial (COF)
Capital One Financial (NYSE:COF)
194.700
-0.02
[-0.01%]
Buy
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Day’s Range
192.93 – 197.04
52 Week Range
174.24 – 259.635
Open
196.24
Shares
613.48M
Vol / Avg.
4.30M/3.69M
Mkt Cap
119.45B
Outstanding
613.48M
Div / Yield
3.2/0.0165%
Payout Ratio
16.530
Total Float
545.62M
Capital One is a diversified financial services holding company headquartered in McLean, Virginia. Originally a spin-off of Signet Financial’s credit card division in 1994, the company is now primarily involved in credit card lending, auto loans, and commercial lending. With a current price-to-earnings ratio of 6.49, Capital One Financial benefits from the growing economy due to higher yield rates. Recently, Capital One Financial has bumped up its quarterly dividend by 50%, a positive sign for investors and the company.
Best Growth Financial Stock: Truist Financial Corporation (TFC)
Truist Financial (NYSE:TFC)
46.450
0
[0%]
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Day’s Range
46.21 – 46.725
52 Week Range
40.785 – 56.195
Open
46.43
Shares
1.22B
Vol / Avg.
9.15M/7.20M
Mkt Cap
56.74B
Outstanding
1.22B
Div / Yield
2.08/0.0449%
Payout Ratio
47.820
Total Float
1.22B
Based in Charlotte, North Carolina, Truist is the combination of BB&T and SunTrust. Truist is a regional bank with a presence primarily in the Southeastern United States. In addition to commercial banking, retail banking, and investment banking operations, the company operates several nonbank segments, the primary one being its insurance brokerage business. This past quarter, Truist Financial posted a 73.5% growth in earnings, as well as 21% revenue growth, displaying a much higher growth rate than its competitors. Recently, Truist generated strong overall earnings in the second quarter that showed some positives and some negatives, as loan growth continued to prove elusive and fee income came in strong.
Financial Stock With the Most Momentum: Upstart Holdings (UPST)
Upstart Holdings (NASDAQ:UPST)
22.890
0.08
[0.35%]
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Day’s Range
22.775 – 23.56
52 Week Range
22.555 – 55.22
Open
23.5
Shares
95.71M
Vol / Avg.
4.12M/4.26M
Mkt Cap
2.19B
Outstanding
95.71M
Div / Yield
/0%
Payout Ratio
0.000
Total Float
83.46M
Upstart Holdings Inc provides credit services. The company provides a proprietary, cloud-based, artificial intelligence lending platform. The platform aggregates consumer demand for loans and connects it to the network of Upstart AI-enabled bank partners. The revenue of the company is primarily comprised of fees paid by banks. With a whopping 52 week price range from 22.61 – 191.89 and current price of 132.96, Upstart Holdings has shown a jump in share price that very few companies have experienced. The company projects full-year 2021 revenue of $600 million, and if it delivers, it would represent over 1,000% growth since 2017 — much of which has occurred in the last year.
Most Trending Tech Stock: Berkshire Hathaway Inc. (BRK-B)
Berkshire Hathaway Inc. New Common Stock (NYSE:BRK/B)
502.900
0.2501
[0.05%]
Buy
Sell
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Day’s Range
499.01 – 503.62
52 Week Range
–
Open
500.1
Shares
0.00K
Vol / Avg.
4.19M/0.00K
Mkt Cap
0.00K
Outstanding
0.00K
Div / Yield
/0%
Payout Ratio
0.000
Total Float
0.00K
Berkshire Hathaway Inc is a holding company with a wide array of subsidiaries engaged in diverse activities. The firm’s core business segment is insurance, run primarily through Geico, Berkshire Hathaway Reinsurance Group and Berkshire Hathaway Primary Group. Currently top 10 in the most trending tickers, Berkshire Hathaway occupies an abundance of Benzinga’s search increment due to its jump in operating earnings along with announced stock buybacks. Led by Warren Buffet, Berkshire Hathaway will continue to be a leading holding company around the world.
Best Online Stock Brokers
If you’re wondering how to take the next step and invest, here are some of the best stock brokers to get started.
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Best For
Active and Global Traders
Overall Rating
Read Review
get started
securely through Interactive Brokers’s
website
More Details
Best For
Active and Global Traders
N/A
1 Minute Review
Interactive Brokers is a comprehensive trading platform that gives you access to a massive range of securities at affordable prices. You can buy assets from all around the world from the comfort of your home or office with access to over 150 global markets. Options, futures, forex and fund trading are also available, and most traders won’t pay a commission on any purchase or sale.
IBKR is geared primarily toward experienced traders and investors but now with the availability of free trades with IBKR Lite, casual traders can also acclimate to IBKR’s offerings.
Best For
Access to international markets
Active traders
Detailed mobile app that makes trading simple
Wide range of available account types and tradeable assets
Pros
IB SmartRouting provides significant price improvement vs. industry
Fractional trading allows investing regardless of share price
Industry’s lowest margin rates
Earn more by lending your fuly-paid shares
Cons
Beginner investors might prefer a broker that offers a bit more hand-holding and educational resources
Best For
Leveraged Trading
Overall Rating
Read Review
get started
securely through Plus500’s
website
More Details
Disclosure: 81% of retail accounts lose money
Best For
Leveraged Trading
N/A
1 Minute Review
81% of retail investor accounts lose money when trading CFDs with this provider. You should consider whether you can afford to take the high risk of losing your money.
Plus500 is an online CFD broker focusing on contracts for difference (CFDs). CFDs are similar to binary options in the U.S. where traders take all-or-nothing speculation on the prices of certain securities like indices, commodities or currencies. While not legal to trade in the U.S., CFDs are legal in many jurisdictions across the globe and Plus500 offers a wide array of tradable markets using these instruments.
Plus500 doesn’t charge commission and only profits off the spread, which is the difference between the buy and sell price of a specific security. But Plus500 is not a broker for beginners — the education materials are sparse and CFDs are risky derivatives capable of sapping out all of an investor’s capital. Only trade these instruments if you understand how they operate and the risks involved with buying them.
The Plus500 CFD platform is for CFDs. The Plus500 Futures platform offers futures for U.S. customers, and Plus500 Invest offers stock trading.
Best For
Traders looking for a smooth mobile experience
Pros
Great mobile app
Low spreads and commissions
Unlimited demo account
Plus500 offers three platforms: Plus500 Futures, Plus500 Invest and Plus500 CFD.
Cons
Only derivatives are available
Futures are available to U.S. residents while CFDs are not available for U.S. residents.
Best For
Trading Ideas
Overall Rating
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securely through public.com’s
website
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Best For
Trading Ideas
N/A
1 Minute Review
Public is the only investing platform that lets you trade stocks, ETFs, crypto, bonds, options and alternative assets—like fine art and collectibles—all in one place. Public also provides access to custom company metrics, live shows about the markets, and insights from a community of millions of investors, creators, and analysts.
Today, Public provides more ways to create a diversified portfolio than nearly any other online broker. Members can engage in sophisticated investing strategies and access a wealth of investing insights—from company-specific analysis to live audio shows and town hall-style Q&As. In addition, Public offers a premium membership tier with unique company KPIs, detailed performance metrics, and institutional-grade research.
Best For
Stock and ETF investors
Crypto investors
Investors looking to diversify with alternative assets or bonds and options
Pros
Commission-free stock and ETF trading
Fractional share investing
Advanced data, tools, and insights with Public Premium
Cons
You can’t transfer crypto to another wallet
No mutual funds or precious metals
At this time, only offers individual brokerage accounts and not IRAs
Best For
Commission-Free Mobile Trading
Overall Rating
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securely through Robinhood’s
website
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Best For
Commission-Free Mobile Trading
N/A
1 Minute Review
Robinhood is a popular trading platform known for its commission-free trades and user-friendly mobile app. Ideal for novice investors, Robinhood makes it easy to buy and sell stocks, ETFs and cryptocurrencies. The platform offers a straightforward, no-frills experience, making it accessible for users new to investing. With features like fractional shares and a sleek interface, Robinhood lowers the barriers to entry for investing, allowing users to start with just a few dollars. It lacks the advanced tools and research options that more experienced investors might seek. Overall, Robinhood is a great choice for beginners seeking a simple way to invest.
Best For
Beginners looking for simplicity
Mobile-first investors
Commission-free trades
Pros
User-friendly mobile app
Instant double
Cash management
Access to cryptocurrencies
Cons
Limited research tools
No mutual funds available
Basic customer support options
Best For
Active Short Sellers
Overall Rating
Read Review
get started
securely through TradeZero’s
website
More Details
Best For
Active Short Sellers
N/A
1 Minute Review
TradeZero is an online broker and free stock trading platform that provides everything you need to successfully share and trade, including round-the-clock customer support. TradeZero provides four different trading state-of-the-art software programs with its services, a locator for sourcing shares for shorting, commission-free trades, and real-time streaming, to name a few of the features promoted on their website. The software is a unique and (potentially) affordable option for anyone interested in stock trading.
Best For
Traders seeking high transparency and mobility in a stock trading program
Those attracted to commission-free trades
Those seeking a free version of a high-quality trading program
Pros
24/7 live customer support
Uses ZeroWeb technology, a powerful level 2 online platform with direct market access
Mobile app allows users to access stocks and trade in real-time while on the go
Cons
Enforces Pattern Day Trading restrictions (accounts need to maintain a daily equity balance of at least $25k)
Mobile app could offer more features
Stock Pick Methodology
To create a specific set of companies and their respective stocks that fall under a certain criteria, we utilized a screener to examine the top stocks under each criteria. For value companies, we analyzed the companies with the lowest forward P/E, current P/E, and P/E/G multiples; for growth companies, we analyzed high earnings and revenue growth – weighing them equally; for momentum, we looked at price growth in the past 52 weeks; for trending tech, we examined the stocks with the highest percent of search increment on Benzinga.
Sources
Company descriptions: Factset
Screeners: Benzinga Pro
The post Top Financial Stocks for the Week by Ryan Peterson appeared first on Benzinga . Visit Benzinga to get more great content like this.