The Worst Bank Stock to Own This Month

Plus, 24 other stocks to avoid this month

Deputy Editor
Mar 1, 2024 at 10:42 AM
facebook X logo linkedin

Citizens Financial Group Inc (NYSE:CFG) is down 2% at $30.69 at last glance, and seasonality implies that these losses could only accelerate over the next 30 days. 

This is per data from Schaeffer's Senior Quantitative Analyst Rocky White that shows Citizens Financial stock is one of the worst stocks on the S&P 500 (SPX) to own in March. In fact, CFG is the worst bank stock, beating out KeyCorp (KEY), Zion Bancorporation (ZION), and eight other sector peers that made the list.

According to White's data, the equity finished the month lower 78% of the time over the past 10 years, averaging a loss of 10.75%. Based on its current perch, another move of this magnitude would put the shares at $27.39, or its lowest level since early December.

Worst of March 12024

This will come as good news for options traders that jumped on the bearish band wagon over the last 10 trading days. At the International Securities Exchange (ISE), Cboe Volatility Exchange (CBOE), and NASDAQ OMX PHLX (PHLX), Citizens Financial stock's 10-day put/call volume ratio of 17.88 registers in the 99th percentile of its annual range.

Those looking to jump on board can do so for a bargain. This is per CFG's Schaeffer's Volatility Index (SVI) of 33% that stands higher than just 12% of readings from the past 12 months, which implies options traders are pricing in lower-than-usual volatility expectations.

Since jumping to a nine-month high in mid-December, the equity pulled back on the charts, with a late-January rally losing steam just below the $34.40 mark. In the time since, its 30-day moving average has pressured the stock lower, while its 80-day trendline just stepped up as support. Fresh off its second consecutive monthly loss, CFG now sports hefty year-over-year and year-to-date deficits.


Target Effortless Triple-Digit Gains Every Sunday Evening For Life!

This is your chance to triple your profit potential on Sunday evenings, without spending all your free time watching the market.

On Sundays, as a Weekend Plus subscriber, you’ll get up to 6 trades every Sunday, each targeting gains of 200% or more.

Start targeting gains like the ones our subscribers have seen recently, including:

213.3% GAIN on AutoNation calls
100.0% GAIN on Monster Beverage calls
100.4% GAIN on Walgreens Boots Alliance puts
100.4% GAIN on ON Semiconductor calls
257.7% GAIN on Dell calls

101.0% GAIN on Apollo Global Management calls
103.6% GAIN on JP Morgan  Chase calls
105.3% GAIN on DraftKings calls
101.3% GAIN on Airbnb calls
203.0% GAIN on Shopify calls
102.0% GAIN on Cboe Global Markets calls
100.9% GAIN on Boeing calls
102.1% GAIN on Microsoft puts
102.3% GAIN on First Solar calls
101.5% GAIN on PulteGroup calls
101.0% GAIN on Apple calls
209.4% GAIN on NXP Semiconductors calls
100.8% GAIN on Uber Technologies calls
100.4% GAIN on Academy Sports and Outdoors puts
102.2% GAIN on Trade Desk calls
100.8% GAIN on DoorDash calls
100.0% GAIN on Camping World Holdings puts
100.0% GAIN on Cboe Global Markets calls
100.2% GAIN on calls
238.5% GAIN on Oracle calls



Rainmaker Ads CGI