Updated from 6:59 a.m. EDT
Bank stocks have been dropping substantially over the last year. In the last couple of weeks, they had a really big drop, especially money center banks, creating a short-squeeze opportunity.
A short squeeze takes place when a stock's short-sellers cover their positions quickly when good news boosts the price of the stock. This short-covering often drives the stock price even higher. The metric for measuring short-squeeze plays is the short ratio, which represents the number of days it would take a stock's short-sellers to cover their positions based on the stock's recent average daily volume.
With this in mind, here at Stockpickr we've compiled a portfolio of the top money center bank stock short-squeeze plays, including Scotiabank(BNS Quote), TCF Financial(TCF Quote) and Toronto Dominion(TD Quote) ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,285.97 | 1,091.93 | 2,172.99 | 33.92 |
Oil *
75.40
|
|
DOWN
104.14
|
DOWN
11.32
|
DOWN
16.62
|
DOWN
0.56
|
10 Yr
3.39%
SPDR Gold
110.95
|
|
-1.00%
|
-1.03%
|
-0.76%
|
-1.62%
|
Data delayed 20 minutes |


Connect with TheStreet