Financial Stocks with High Volume in Today’s Rally

Through the early part of trading on Wednesday, August 31, 2011, these stocks are very active in the Financial (NYSE:XLF) sector.

Popular: Investing in Gold: Is Gold Demand Growing or Shrinking?

Shares of JPMorgan Chase & Co. (NYSE:JPM) are among the most actively traded stocks in the market. The bank giant is one of the best performing stocks on the Dow Jones Industrial Average (NYSE:DIA) as it benefits from a general rally in banking stocks (NYSE:KBE). There are 6.4 million shares trading hands at $37.72(+66 cents), making up a dollar volume of $242.7 million.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $3.97 (-9.7%) from $41.03 to $37.06. The stock price saw one of its best stretches over the last year between March 22, 2011 and March 30, 2011 when shares rose for seven straight trading days, rising 2.2% (+97 cents). It saw one of its worst periods between May 18, 2011 and May 25, 2011 when shares fell for six straight trading days, falling 4.1% (-$1.80).

Shares of Wells Fargo & Co. (NYSE:WFC) are among the most actively traded stocks in the market. Wells Fargo is also benefitting from the bank sector rally and news that Bank of America (NYSE:BAC) is shedding their correspondent mortgage business. They have a dollar volume today of $211.1 million, based on a current price of $26.04 (+64 cents) and 8.1 million shares being traded.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $2.89 (-10.2%) from $28.29 to $25.40. The stock price saw one of its best stretches over the last year between November 26, 2010 and December 3, 2010 when shares rose for six straight trading days, rising 9% (+$2.38). It saw one of its worst periods between July 26, 2011 and August 2, 2011 when shares fell for six straight trading days, falling 6.2% (-$1.78).

Shares of Citigroup Inc. (NYSE:C) are among the most actively traded stocks in the market. The company does not have any significant news, so it’s also benefitting from the bank rally. There are nine million shares trading hands at $31.33(+40 cents), making up a dollar volume of $282.7 million.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $11.62 (-27.3%) from $42.56 to $30.94. The stock price saw one of its best stretches over the last year between June 23, 2011 and July 1, 2011 when shares rose for seven straight trading days, rising 8.8% (+$3.47). It saw one of its worst periods between August 15, 2011 and August 22, 2011 when shares fell for six straight trading days, falling 16.7% (-$5.21).

Shares of Goldman Sachs Group Inc. (NYSE:GS) are among the most actively traded stocks in the market. “The Federal Deposit Insurance Corp., the Federal Housing Finance Agency, Goldman Sachs and pension funds are among those who have objected to the agreement, saying they don’t have sufficient information to evaluate the deal,” according to Bloomberg. They have a dollar volume today of $204.6 million, based on a current price of $116.59 (+$1.41) and 1.8 million shares being traded.

Stock Price Performance: From July 5, 2011, to August 30, 2011, the stock price had fallen $18.91 (-14.1%) from $134.09 to $115.18. The stock price saw one of its best stretches over the last year between December 29, 2010 and January 5, 2011 when shares rose for six straight trading days, rising 3.8% (+$6.32). It saw one of its worst periods between April 11, 2011 and April 19, 2011 when shares fell for seven straight trading days, falling 6% (-$9.56).

Shares of Annaly Capital Management, Inc. (NYSE:NLY) have a dollar volume of $99.1 million based on a current price of $18.10(+6 cents) and 5.5 million shares traded. The stock is up on the financial rally as investors seem to be seeking the company’s 14.7% dividend yield.

Stock Price Performance: From August 23, 2011, to August 29, 2011, the stock price had dropped 56 cents (-3.1%) from $18.27 to $17.71. It saw one of its worst periods between May 9, 2011 and May 13, 2011 when shares fell for five straight trading days, falling 2.2% (-39 cents). The stock price saw one of its best stretches over the last year between April 19, 2011 and May 9, 2011 when shares rose for 14 straight trading days, rising 4.1% (+69 cents).