Top 10 U.S. financial sector stocks per SA quant metrics
The S&P 500 (SP500) financial sector is in the spotlight on Friday with big banks kicking off their Q3 earnings season. Seeking Alpha constructed a top 10 list of financial stocks to watch out for as the investment community keeps a close eye on the space.
Outlined below are the top ten U.S. ranked stocks in the financial sector with a market cap of $10B or greater according to Seeking Alpha’s quant metrics.
Top 10 U.S. Financial Sector Stocks Per SA Quant Metrics
No. 10: Robinhood Markets (HOOD), quant rating of 3.47.
No. 9: PNC Financial Services (PNC), quant rating of 4.33.
No. 8: East West Bancorp (EWBC), quant rating of 4.47.
No. 7: Bank of America (BAC), quant rating of 4.54.
No. 6: Regions Financial Corporation (RF), quant rating of 4.55.
No. 5: Interactive Brokers Group (IBKR), quant rating of 4.59.
No. 4: M&T Bank Corporation (MTB), quant rating of 4.61.
No. 3: Wells Fargo (WFC), quant rating of 4.63.
No. 2: First Citizens BancShares (FCNCA), quant rating of 4.85.
No. 1: Bank of New York Mellon (BK), quant rating of 4.88.
Honorable Mentions: JPMorgan Chase (JPM) was ranked 11th with a quant rating of 3.36, BlackRock (BLK) was ranked 14th with a quant rating of 3.30, and Citigroup (C) was ranked 33rd with a quant rating of 2.98.
Moreover, for investors that are looking to learn more about the financials sector of the economy they may wish to further analyze a group of exchange-traded funds that focus on the complete sector and sub-banking industry. See some popular listed ETFs below:
Financials ETFs: (XLF), (VFH), (IYF), (FNCL), (IYG), and (FXO).