LONDON, April 5, 2013 /PRNewswire/ --
The financial crisis of 2009 had a significant impact on the U.S. banking sector. However, major U.S. banks such as Bank of America Corp. (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), PNC Financial Services (NYSE: PNC), and TCF Financial Corporation (NYSE: TCB) have emerged stronger from the financial crisis. In fact, U.S. banks are in a much healthier position when compared to their European counterparts. The only concern for banks right now is record low interest rates, which is putting pressure on margin. Bank stocks ended mostly higher on Thursday, tracking gains in the broad market. StockCall professionals have completed their technical analysis on BAC, C, WFC, PNC, and TCB and these free reports are accessible by registering at
http://www.stockcall.com/research
Shares of Bank of America Corp, edged higher in trading on Thursday. The stock touched an intra-day high of $11.99 before finishing the day 1.10% higher at $11.94 on volume of 117.83 million. Despite yesterday's gains, BofA's shares are down more than 1.70% in the last three sessions. The banking giant's shares moved above their 50-day moving average in its last trading session, which is a bullish signal. The stock currently faces resistance at around $12.25. The company's shares have gained nearly 3% this year, underperforming the broad market. Sign up for the free technical research on BAC at
http://www.StockCall.com/BAC040513.pdf
Shares of Citigroup Inc. edged higher yesterday, paring some of the losses from the previous trading sessions. The stock ended the day 0.64% higher at $42.77 after touching an intra-day high of $42.98. Citigroup's shares are still down more than 2.30% in the last three sessions. The bank's shares have slipped below their 50-day moving average this week, which is a bearish signal. The negative trend is further confirmed by the stock's MACD chart. The stock had an excellent run in the beginning of March. However, it has seen a sharp pullback since the middle of last month after it hit a 52-week high of $47.92. Be sure to read our latest technical research on C by registering at
http://www.StockCall.com/C040513.pdf
Wells Fargo & Co. shares were among the major gainers in the banking sector on Thursday. The stock ended the day 2.05% higher at $37.42 after touching an intra-day high of $37.48. Shares of WFC pared all of their losses from the previous two trading sessions after posting significant gains yesterday. Year-to-date, the stock has gained 10.25%, outperforming the broad market. Wells Fargo's shares are currently trading well above their 50-day and 200-day moving averages. Sign up and read the complimentary report on WFC at
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Shares of PNC Financial Services edged higher on Thursday; however, the gains were modest. The stock ended the day 0.72% higher at $65.60 after touching an intra-day high of $65.99. The bank's shares are currently trading close to their 52-week high of $67.89. The stock has had an excellent run so far in 2013, gaining more than 13%. However, in the last two weeks, the stock has traded sideways, struggling to break through $67 resistance level. The free report on PNC can be downloaded by signing up now at
http://www.StockCall.com/PNC040513.pdf
TCF Financial Corporation shares rose sharply on Thursday, reversing some of the losses from the previous trading session. The stock touched an intra-day high of $14.55 before finishing the day 1.12% higher at $14.46. Despite the gains, the stock is down nearly 2% in the last three sessions. Shares of TCB have been struggling to break through $15 resistance level. The stock is currently trading well above its 50-day and 200-day moving averages, which is a bullish signal. Free report on TCB can be accessed by registering at
http://www.StockCall.com/TCB040513.pdf
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