NEW YORK (TheStreet)-- In the second half of January there was a wave of Q4 earnings results from the banks in the PHLX KBW Banking Index (BKX.X), and 12 of the 17 I profiled on Jan. 10in
Reading the TableOV/UN Valued: Stocks with a red number are undervalued by this percentage. Those with a black number are overvalued by that percentage according to ValuEngine. VE Rating: A "1-engine" rating is a strong sell, a "2-engine" rating is a sell, a "3-engine" rating is a hold, a "4-engine" rating is a buy and a "5-engine" rating is a strong buy. Last 12-Month Return (%): Stocks with a red number declined by that percentage over the last 12 months. Stocks with a black number increased by that percentage. Forecast 1-Year Return: Stocks with a red number are projected to decline by that percentage over the next 12 months. Stocks with a black number in the table are projected to move higher by that percentage over the next 12 months. Value Level: Price at which to enter a GTC limit order to buy on weakness. The letters mean; W-weekly, M-monthly, Q-quarterly, S-semiannual and A-annual. Pivot: A level between a value level and risky level that should be a magnet during the time frame noted. Risky Level: Price at which to enter a GTC limit order to sell on strength. On Jan. 4 I wrote
Capital One Financial ( COF - Get Report) ($57.13 vs. $62.31 on Jan. 10): Capital One has been downgraded to hold from buy and is well below its 52-week high at $62.92 set Jan. 7. The weekly chart profile stays negative on a close this week below its five-week MMA at $57.81 with the 200-week SMA at $44.71. My annual value level is $51.52 with a semiannual risky level at $58.68.
US Bancorp ( USB - Get Report) ($33.13 vs. $33.27 on Jan. 10): USB still has a buy rating with the stock below its Oct. 5 multi-year high at $35.46. The weekly chart profile is positive with the five-week MMA at $32.96. My quarterly value level is $31.82 with a weekly risky level at $33.56. Wells Fargo ( WFC - Get Report) ($34.85 vs. $34.71 on Jan. 10): WFC still has a buy rating with the stock below its Sept. 14 high at $36.60. The weekly chart profile is positive with the five-week MMA at $34.64. My annual value level is $32.82 with an annual pivot at $34.17 and monthly risky level at $36.03. At the time of publication the author held no positions in any of the stocks mentioned. Follow @Suttmeier This article is commentary by an independent contributor, separate from TheStreet's regular news coverage.