The Large Bank Stocks Speak Volume
Throughout the year the bank stocks have forecasted every important market move. This morning, the leading financial stocks are trading slightly lower. J.P. Morgan Chase & Co (NYSE:JPM) is the leading financial stock in the market place and it is the most important financial institution in the United States. JPM stock is trading lower by 0.58 cents to $33.80 a share. This stock will often single handedly predict the stock market moves on a daily basis. JPM stock will have intra-day support around the $33.55 and $33.00 levels.
Other leading financial stocks that are declining this morning include Goldman Sachs Group Inc (NYSE:GS), Morgan Stanley (NYSE:MS), Bank of America Corp (NYSE:BAC), and Citigroup Inc (NYSE:C). All of these financial stocks are extremely important, however, JPM stock is certainly the most important for traders to follow.