Comerica is Among the Companies in the Diversified Banks Industry With the Highest Beta (CMA, WFC, HBC, USB, BLX)
[December 28, 2012]
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 cbrian@mysmartrend.com
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