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Banking 2023-07-12: unchanged "Weak" strength rating (6th strongest of 9 levels), previous move was up

Brian Degracia

• 1 min read
Banking 2023-07-12: unchanged "Weak" strength rating (6th strongest of 9 levels), previous move was up
Banking for the trading week ending 2023-07-12. Clear improvement in the past week.

Banking has improved over the past eight weeks. Money Center and Foreign Regional Banks are leading the pack with the seven other sub-industries all with 6Weak status.

Seven of the nine sub-industries strengthened over the past week.

Pacific Banks - a closer look

Clear improvement over the past week.

There are currently no 9Weakest Pacific Banking stocks any more. That said, there are also no 1Strongest stocks yet. 

Leaders and Laggards

Current strongest and weakest stocks are shown below. These are of most interest as the downtrodden are prone to large (if perhaps temporary) pops while the strongest have been leading the charge for their sub-industries.

There are a few regional banks that have reached 1Strongest status (TBBK, FCNCA, TFIN, ESQ, CASH, NYCB), but there are many more 1Weakest banks.

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