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The Large Bank Stocks Speak Volume



November 04, 2011 – Comments (0) | RELATED TICKERS: JPM , GS , BAC

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.

Nicholas Santiago

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