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Top 5 Companies in the Investment Banking & Brokerage Industry With the Highest Beta (SF, COWN, MS, RJF, ETFC)

By Nick Russo

Below are the three companies in the Investment Banking & Brokerage industry with the highest betas. Higher-beta stocks mean greater volatility and are therefore generally considered to be riskier but also may provide the potential for higher returns.

Stifel Financial ranks highest with a a beta of 1.6. Following is Cowen Inc with a a beta of 1.5. Morgan Stanley ranks third highest with a a beta of 1.4.

Raymond James follows with a a beta of 1.4, and E*Trade Financia rounds out the top five with a a beta of 1.4.

SmarTrend recommended that its subscribers protect gains by selling shares of Morgan Stanley on February 24th, 2020 by issuing a Downtrend alert when the shares were trading at $50.15. Since that call, shares of Morgan Stanley have fallen 32.2%. We are now looking for when a new Uptrend will commence and will alert SmarTrend subscribers in real time.

Keywords: highest beta stifel financial cowen inc Morgan Stanley Raymond James e*trade financia

Ticker(s): SF COWN MS RJF ETFC