Coronavirus Recovery Watch: Major U.S. Banks Underperform The Market, But There Are A Few Bright Spots

-12.13%
Downside
63.24
Market
55.57
Trefis
C: Citigroup logo
C
Citigroup

Our bank portfolio of 9 stocks shows an average return of 11% in the last five trading days compared with a 13% return in the Dow during the same period. This portfolio reflects one set of possible stocks that will very likely underperform the broader market if there’s a reasonably quick Coronavirus-recovery.

 

Top Performers

Relevant Articles
  1. Rising Only Half the S&P’s Gain In 2023, Where Is Citigroup Stock Headed?
  2. What To Expect From Citigroup Stock In Q3?
  3. Citigroup Stock Is Trading Below Its Intrinsic Value
  4. Citigroup Stock Is Trading Below Its Intrinsic Value
  5. Citigroup Stock Has Growth Potential
  6. Is Citigroup Stock Fairly Priced?

The top 3 performers within the portfolio in the last five trading days were:

  • Citigroup (15.1% return)
  • Morgan Stanley (14.6% return)
  • JPMorgan (14.4% return)

The top 3 performers on Friday were:

  • U.S Bancorp (-1.1% return)
  • BNY Mellon (-1.4% return)
  • State Street (-1.5% return)

 

Portfolio Summary (at market close on Friday March 27)

Ticker Market Cap Stock Price Return
BAC  $188.5 Bil $21.60  1D: -4.9%  5D: 9.8%  YTD: -38.7%
BK  $28.8 Bil $32.54  1D: -1.4%  5D: 11.9%  YTD: -35.3%
C  $91.9 Bil $43.80  1D: -4.8%  5D: 15.1%  YTD: -45.2%
JPM  $280.1 Bil $91.13  1D: -7.1%  5D: 9.1%  YTD: -34.6%
STT  $17.2 Bil $48.66  1D: -1.5%  5D: 4.3%  YTD: -38.5%
USB  $54.4 Bil $35.35  1D: -1.1%  5D: 9.8%  YTD: -40.4%
WFC  $123.8 Bil $30.28  1D: -2%  5D: 14.3%  YTD: -43.7%
GS  $54.5 Bil $158.34  1D: -4.5%  5D: 14.4%  YTD: -31.1%
MS  $52.1 Bil $34.01  1D: -4.8%  5D: 14.6%  YTD: -33.5%


Financial Highlights for Top Performer Citigroup

Citigroup’s market cap has declined by $86.6 billion from about $178.5 billion on 12/31/2019 to $91.9 billion now. The company had $74.3 billion in revenue in 2019, from which it derived $19.4 billion in net income and $8.08 in earnings per share.

As a comparison, Goldman Sachs had $36.5 billion in revenue in 2019, from which it derived $8.5 billion in net income and $21.18 in earnings per share and saw its market cap from $84.9 billion on 12/31/2019 to current level of $54.5 billion.

See the Bank portfolio for more financial highlights on each portfolio company.

 

Reminder: Portfolio Performance Hinges on Speedy Recovery

Our dashboard forecasting US COVID-19 cases with cross-country comparisons analyzes expected recovery time-frames and possible spread of the virus.

Further, our dashboard -28% Coronavirus crash vs. 4 Historic crashes builds a complete macro picture and complements our analyses of the coronavirus outbreak’s impact.

 

See all Trefis Price Estimates and Download Trefis Data here

What’s behind Trefis? See How It’s Powering New Collaboration and What-Ifs For CFOs and Finance Teams | Product, R&D, and Marketing Teams