Bank Stock Roundup: C, JPM, USB in Focus on Business Expansion Efforts
Zacks Investment Research | Dec 09, 2021 08:30PM ET
In the past five trading days, major banks were in focus on the expectations of the Federal Reserve turning more hawkish. In company-specific developments, Citigroup acquire PFM Asset Management LLC . PFM Asset Management will operate as a separately registered investment advisor. Following the addition of PFM Asset Management, U.S. Bank’s Wealth Management and Investment Services division has combined investment assets under management of more than $407 billion as of Sep 30, 2021.
Price Performance
Here is how the seven major stocks performed:
Over the past five trading sessions, shares of Capital One gained 5.1%. On the other hand, shares of both Citigroup have declined 1% during the same period.
What’s Next in the Banking Space?
Over the next five trading days, all eyes will be on the Fed as the two-day FOMC meeting is scheduled on Dec 14-15.
5 Stocks Set to Double
Each was handpicked by a Zacks expert as the #1 favorite stock to gain +100% or more in 2021. Previous recommendations have soared +143.0%, +175.9%, +498.3% and +673.0%.
Most of the stocks in this report are flying under Wall Street radar, which provides a great opportunity to get in on the ground floor.
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