3 Bank Stocks Cooling Off from Their Peaks

Bank stocks BAC, C, and FITB have all pulled back in June

Managing Editor
Jun 11, 2024 at 2:41 PM
facebook X logo linkedin

Bank stocks are getting their teeth kicked in today. It starts at the top, with blue-chip financial intuitions JPMorgan Chase (JPM) and Goldman Sachs (GS) succumbing to central bank headwinds. Today's pullback is also hitting these three smaller, but impactful stocks: Bank of America Corp (NYSE:BAC)Citigroup Inc (NYSE:C), and Fifth Third Bancorp (NASDAQ:FITB).

BAC is down 2.2% to trade at $38.78 today, cooling off from its June 3 two-year high of $39.35. The shares remain 15% higher year-to-date and up 33% in the last 12 months. 

C is 3.4% lower to trade at $59.35, and has now taken an 8.6% haircut off its May 22 two-year high of $64.98. The shares have a similar profile as their sector peer -- up 15% in 2024 and 22.5% year-over-year.

FITB is off by 0.9%, last seen trading at $35.29. Keeping with the trend, the stock has suffered a 9.7% pullback from its May 15 two-year highs of $39.14.  Fifth Third stock is barely hanging on to its year-to-date breakeven level, but is up 36.1% year-over-year. 


Unlock Weekend Profits with Chris Prybal's Favorite Strategy Up +487.5% in 2024

With the markets going left, right, and sideways, you need to have a plan now more than ever. 

Expert Trader Chris Prybal is no stranger to volatility, and has mastered finding big stock rallies while other traders aren't looking over the weekend. Rallies that produced gains like +207% on RTX calls, +236% on MARA calls, and +238% on NET calls.

A few simple moves on Sunday at 7pm could be the “Secret Sauce” your portfolio needs to not just stay afloat, but make unprecedented gains in this turbulent market.

Don’t sit on the sidelines, beat the market with Chris Prybal's strategy. Join him now!