TMCnet News
Comerica is Among the Companies in the Diversified Banks Industry With the Highest Beta (CMA, WFC, HBC, USB, BLX)Dec 28, 2012 (SmarTrend(R) News Watch via COMTEX) -- Below are the three companies in the Diversified Banks industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.Comerica ranks highest with a a beta of 1.3. Following is Wells Fargo with a a beta of 1.2. HSBC Holdings ranks third highest with a a beta of 1.1. US Bancorp follows with a a beta of 1.1, and Banco Latinoamericano de Exportaciones rounds out the top five with a a beta of 0.9. SmarTrend recommended that its subscribers protect gains by selling shares of US Bancorp on November 5th, 2012 by issuing a Downtrend alert when the shares were trading at $33.21. Since that call, shares of US Bancorp have fallen 3.6%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time. Write to Chip Brian at [email protected] --------------------------------------------------------------------------------------------- SmarTrend analyzes over 5,000 securities simultaneously throughout the trading day and provides its subscribers with trend change alerts in real time. To get a free trial of our trading calls and maximize your trading results, please visit http://www.MySmarTrend.com Get exclusive, actionable insight into how the market is expected to trend prior to market open with our free morning newsletter. Sign up at: http://www.MySmarTrend.com/signup |