MarketBeat’s screener flagged Bank of America (BAC), JPMorgan Chase & Co. (JPM) and Wells Fargo & Company (WFC) as the three bank stocks to watch today, as they recorded the highest dollar trading volume among bank stocks in recent days. The article briefly describes each: Bank of America serves consumers, small and middle-market businesses, institutions, corporations and governments; JPMorgan Chase spans investment banking, consumer and small business services, commercial banking and asset management; Wells Fargo offers banking, insurance, investment, mortgage and consumer and commercial finance products. It notes that bank stock performance can be affected by interest rates, loan quality, economic conditions and financial regulations.
Summary written by Upside AI from the original article. Read the source for full details.
Read the original on dailypolitical.com ↗
Keywords
Open a keyword to see other news on the same topic.
Related news
- Should Earnings Beat Require Action From Wells Fargo (WFC) Investors?
Wells Fargo reported higher year-on-year net interest income and net income for Q3 2026, reaffirmed its full-year net interest income guidance of around US$50b, and named Cayetano Gea Carrasco head of AI and Data for Consumer Banking and Lending. The bank is combining balance sheet income with fee initiatives such as digital personalization, tokenized deposit payments and a planned U.S. dollar stablecoin, while managing higher commercial real estate and consumer loan charge-offs. The article says AI could sharpen underwriting and limit losses in newer credit card books, though slow delivery could limit the benefits. It adds that the earnings beat does not materially change the balance between catalysts and risks, mainly margin compression and credit costs. The narrative projects US$103.9b revenue and US$24.0b earnings by 2029, implying a US$2.0b rise from US$22.0b today.
- Bank of America Corporation $BAC Stock : Bank Pictet & Cie Europe AG Decreases Position
Bank Pictet & Cie Europe AG reduced its Bank of America (NYSE:BAC) holdings by 3.9% in the third quarter, selling 17,558 shares and keeping 428,350 shares worth $23,315,000, according to its latest SEC filing. Other large investors also changed positions, with Legal & General Group Plc, Deutsche Bank AG and Bank of New York Mellon Corp taking new stakes in the second quarter. Hedge funds and institutional investors own 70.71% of the stock, and MarketBeat data show a “Moderate Buy” consensus rating with an average target price of $62.52. Shares rose $0.49 to $50.88 in mid-day trading on Tuesday, while the latest quarterly EPS of $1.08 missed the $1.10 estimate.
- JPMorgan Nigeria Licence : US$37 . 5M Deposit With CBN
Nigerian outlets reported on Tuesday that JPMorgan Chase deposited N50 billion (about US$37.5 million) with the Central Bank of Nigeria (CBN), one of the final requirements for its bid to obtain a merchant banking licence. Citing unnamed sources, the reports say JPMorgan hopes for approval by the end of 2026 or in early 2027, but the CBN has published no approval and JPMorgan declined to comment. A licence would let JPMorgan turn its Lagos representative office into a full unit offering lending, trade finance, payments and dollar loans to large companies. The deposit meets the capital requirement for a national merchant bank, though it does not by itself guarantee approval.
- The Banks Locked Agents Out. This Week an Agent Paid an Invoice Through the Front Door.
Between October 13 and 16, JPMorgan Chase, Bank of America, Citi, Schwab and Wells Fargo restricted AI agents from consumer accounts through four hard blocks and one contract rewrite. JPMorgan CEO Jamie Dimon called the move a “liability transfer,” citing unverified agents, shared customer credentials and unassigned liability. In contrast, a live Visa, BILL and Billtrust B2B pilot uses the Visa Trusted Agent Protocol so a BILL Payment Agent, registered in Visa's Agentic Directory, can authenticate to supplier portals without shared credentials. The agent only executes payments already approved by the buyer, using tokenized credentials. The model targets supplier invoices by accepting card payments, which could help suppliers get paid faster and improve Days Sales Outstanding.
- The Access Tax Amazon Imposed on Shopping Agents Just Arrived at Your Bank
Between October 13 and 16, 2026, JPMorgan Chase, Bank of America, Citi, Schwab and Wells Fargo moved to restrict third-party AI agents from accessing customer accounts, following Amazon's September block of Meta's Muse agent over unauthorized access and credential capture. JPMorgan bars third parties from logging in with customers' banking credentials and from sending money or paying bills, though read-only data access remains available through connectors such as Plaid. Schwab is blocking unauthorized agents from moving client money and plans read-only connections, while Bank of America wants a human in the loop to authorize money movement and Citi bars third-party agents from logging in or transacting directly. The article argues the trust infrastructure for agent payments is still unfinished, and federal bills on AI agents remain stalled at the introduction stage.
- US banks want to block AI agents from moving your money. Well, at least that's one good move.
Charles Schwab and JPMorgan Chase are blocking outside AI agents from taking financial actions such as moving client money, citing security risks and unclear liability if something goes wrong. Schwab CEO Rick Wurster said the firm is actively stopping unauthorized agents, including Meta's Muse, and that these blocks happen many times a week. Instead of cutting AI off entirely, Schwab plans secure connections through model context protocol (MCP) servers that would let clients' chosen AI models view permitted information, such as balances, without moving money, and it wants customers to use its own assistant, Charley. JPMorgan takes a similar approach, letting outside tools view account data while blocking them from sending money or paying bills. The moves come as US and European regulators press banks on AI agent risks.
Related markets
Latest news
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- JPMorgan Puts a Number on Bitcoin for the First Time: 10% a Year, With a Big Caveat
J.P. Morgan Asset Management projected a 10% compound annual return for Bitcoin over the next 10 to 15 years in its 2027 Long-Term Capital Market Assumptions, the first time the report includes the asset. That forecast tops its estimates for U.S. large-cap stocks (7.5%), gold (5.5%) and a 60/40 stock-bond portfolio (7%), but the report puts Bitcoin's annualized volatility at 55%, versus about 17% for gold. The firm still excludes Bitcoin from its main covariance matrices, citing volatility and unstable correlations, and rejected the currency debasement bull case as “wide of the mark.” Bitwise's Matt Hougan welcomed the forecast but argued the 55% volatility assumption is too high, making the return estimate too conservative. Meanwhile, U.S. spot Bitcoin ETFs drew $526.7 million on Monday, trimming October's net outflows to about $88 million.
- U.S. CFTC sets agenda for AI forum, exploring trading and agentic finance
The U.S. Commodity Futures Trading Commission released the agenda for its first “Frontier Forum” event, hosted by its Innovation Task Force on October 28, to discuss how AI may change U.S. derivatives markets. The session will look at how AI could affect price discovery and risk management, and will hear from leaders of firms including Ornn, Architect and Liquid Compute. Participants will also explore how traders’ own AI agents may operate under CFTC regulations. CFTC Chairman Mike Selig said super intelligence is poised to transform financial markets.
- Archer vs Joby: What's the Better eVTOL Stock to Buy Right Now?
The article compares Joby Aviation and Archer Aviation, two eVTOL (flying taxi) companies nearing FAA approval but still unprofitable. For the six months ended June 30, Archer had $1.6 billion in cash and short-term investments and used $305.5 million in operations, while Joby had $2.3 billion and used $317.6 million, so Joby may need a smaller cash infusion. Joby generated $38.6 million in revenue last quarter, helped by its Blade Air Mobility passenger business, but its net loss was $245 million versus Archer's $263 million. Joby's $4.7 billion market cap is well above Archer's $3.1 billion, and the author favors Archer on valuation. Both stocks remain highly volatile and face a long road before turning profitable.
- Stock Market Today, Oct. 20: Netflix Q3 Revenue Rises 12% on Pricing Power
Netflix closed at $68.66, down 1.70%, ahead of its after-close Q3 report, and was down 5.1% in after-hours trading as of 4:31 p.m. ET. Q3 revenue rose 12% year over year to $12.9 billion, and diluted EPS climbed from $0.59 to $0.87. Netflix outperformed every metric for which it provides quarterly guidance, with larger profit surprises than revenue surprises, but its fourth-quarter guidance looked muted, with slower sales growth and lower profit from seasonal effects and impairment costs tied to recently announced job cuts. That day, the S&P 500 closed at 7,711 (up 0.26%) and the Nasdaq Composite at 26,425 (down 0.02%).
- 2 Dividend Stocks Crushing the Market in 2026 (and Which Ones Can Keep Going)
The article examines Johnson & Johnson (JNJ) and Amgen (AMGN), two dividend stocks that have outperformed the market in 2026. For J&J, revenue and earnings beat expectations and guidance was slightly raised, but its medtech unit faces weaker Impella demand and a Class 1 recall in the U.S.; the article still sees long-term prospects intact, citing new drug launches, the OTTAVA surgical system, a proposed $5.5 billion talc settlement and a 64-year dividend increase streak. Amgen's second-quarter revenue rose 10% to $10.1 billion despite FDA moves to remove Tavneos and falling denosumab sales after losing exclusivity. The article says growth drivers such as Tezspire, Tepezza and the MariTide obesity candidate could offset these headwinds.
Get the briefing on Telegram or Zalo
Join the Upside Telegram channel or Zalo group for the Vietnam stocks and gold briefing at 8:00 and 19:00 (Vietnam time) on trading days, plus a weekly wrap on Saturday morning.