Search a ticker

Categories
Featured Financial Stocks Investing Stock Market Today Stocks to Watch

2 Bank Stocks To Watch In December 2022

Should investors be watching these top bank stocks today?

bank stocks

Bank stocks refer to the stocks of companies that are in the business of providing financial services, such as retail and commercial banking, investment banking, and wealth management. These companies generate revenue by offering various financial products and services to individuals, businesses, and other organizations. The performance of bank stocks can be affected by a variety of factors, including interest rates, economic growth, and regulatory changes.

Generally, when the economy is strong and interest rates are favorable, bank stocks tend to perform well. However, in times of economic uncertainty or financial turmoil, bank stocks can be more volatile and may underperform the broader stock market. Now knowing this, let’s check out two top bank stocks to watch in the stock market today.

Bank Stocks To Buy [Or Avoid] Right Now

Goldman Sachs Group (GS Stock)

First up, The Goldman Sachs Group Inc. (GS) is a leading global investment bank and financial services company. Goldman Sachs provides a wide range of financial services, including investment banking, securities trading and brokerage, asset management, and wealth management. The company serves a diverse range of clients, including corporations, governments, and individual investors.

In October, Goldman Sachs announced better-than-expected third-quarter 2022 financial results. Diving in, GS reported Q3 2022 earnings of $8.25 per share and revenue of $18.5 billion for the quarter. Additionally, the company reported a revenue increase of 21.9% versus the same period, a year prior.

Continuing on, over the last six months of trading, shares of GS stock have recovered by 30.49%. Meanwhile, year-to-date, GS stock is still down 6.74% so far in 2022, still outperforming the broader markets. As of Wednesday’s premarket trading action, Goldman Sachs stock is trading at around $368.69 a share.

Source: TD Ameritrade TOS

[Read More] What Stocks To Buy Today? 3 E-Commerce Stocks In Focus

Citigroup (C Stock)

Next, Citigroup Inc. (C) is a global financial services company that offers a wide range of financial products and services to consumers, corporations, governments, and institutions. The company’s services include retail and commercial banking, investment banking, wealth management, and securities brokerage.

Meanwhile, just last week the company announced that it will release its fourth-quarter 2022 financial results on Friday, January 13, 2023. To quickly recap, in October, Citigroup reported weaker-than-expected third-quarter 2022 financial results. In detail, the company posted Q3 2022 earnings of $1.50 per share, along with revenue of $25.9 billion.

Aside from that, shares of C stock have fallen by 26.16% year-to-date. Though, over the last five trading days, C stock has begun to rebound by 4.37% as of Tuesday’s closing bell. What’s more, during Wednesday’s premarket trading session, shares of Citigroup stock are trading at around $46.59 a share.

Source: TD Ameritrade TOS

If you enjoyed this article and you’re interested in learning how to trade so you can have the best chance to profit consistently then you need to checkout this YouTube channel. CLICK HERE RIGHT NOW!!

By Jonathan Phillip

Jonathan Phillip is an up and coming financial contributor in the stock market today. He's found a strong niche in writing about true growth industries. His main focus for the last 5 years has been on the cannabis industry and marijuana stocks. He is one of the top contributors to cannabis media outlets like MarijuanaStocks.com. He also is head of social media management for StockMarket.com.

Since an early age, Jonathan has been an active member of the cannabis culture. Coming from Miami, Florida, he's been able to identify emerging trends in the space including the emergence of cannabis derivatives, vapes, e-liquids, wax, and more. His ability to identify emerging niches has afforded him the ability to source valuable information from top industry names.

Jonathan has also managed to build a strong social media presence for companies. He has worked with hundreds of public companies to develop a digital presence. As an active blogger and social media influencer, his focus is on lifestyle segments of the market. You can find Jonathan reporting on anything from industry conferences and investor events to corporate disclosures and cannabis market movers.

Since the early days of marijuana companies going public, Jonathan has made it a point to find information before the crowd. The main target of his writing is on undiscovered or under-researched companies that could hold true, lasting market potential. Through his research, Jonathan has managed to be one of the early writers to identify the opportunity of cannabis over other things like alcohol and he was one of the first reporters to cover the multi-billion dollar deals that materialized in 2017 and 2018. He has also covered the emergence of multi-state operators in the U.S. after Canada paved the way in late 2018 and 2019 for legalization in North America.

Jonathan is also an active member of the underground hip-hop scene. He has worked with some of the biggest names in the rap community while also gaining valuable insight from top producers and business moguls focused on moving brands forward. In his free time, Jonathan builds social communities and continues to hone his skills as a leading financial writer.

Subscribe
Notify of
0 Comments
Inline Feedbacks
View all comments