New York City, New York -- (May 07, 2013)
Last week, the Federal Reserve released its latest monetary policy statement. The Feds kept the benchmark interest rates at record low levels. While record low interest rates are helping the economy, they are putting pressure on banks’ net interest margin. However, low interest environment has boosted lending activity, which is benefiting regional banks. Regional banks ended mostly higher on Monday even as the broad market finished on a mixed note. Among the major movers on Monday were U.S. Bancorp (NYSE: USB), Huntington Bancshares Incorporated (NASDAQ: HBAN), Fifth Third Bancorp (NASDAQ: FITB), and Comerica Incorporated (NYSE: CMA). StockCall professionals have completed their technical analysis on USB, HBAN, FITB, and CMA and these free reports are accessible by registering at
www.stockcall.com/research
Shares of U.S. Bancorp edged higher on Monday; however, the gains were limited. The stock ended the day 0.37% higher at $32.89 on volume of 9.91 million after trading between $32.69 and $32.96. U.S. Bancorp’s shares have gained nearly 3.60% in 2013 so far this year as compared to a gain of over 13.40% for the S&P 500. The stock is currently trading more than 6% below its 52-week high. Shares of USB are currently trading below their 50-day and 200-day moving averages which is a bearish signal. The negative trend is further confirmed by the stock’s MACD chart. Sign up for the free technical research on USB at
www.StockCall.com/USB050713.pdf
Shares of Huntington Bancshares Inc. rose in yesterday’s trading session, extending their gains from last week. The stock rose to an intra-day high of $7.35 before finishing the day 0.83% higher at $7.33 on volume of 7.33 million. The company’s shares are currently trading close to their 52-week high of $7.35. The stock has now gained more than 3.80% in the last three sessions. Year-to-date, the company’s shares have gained more than 15.20%, outperforming the S&P 500. Be sure to read our latest technical research on HBAN by registering at
www.StockCall.com/HBAN050713.pdf
Shares of Fifth Third Bancorp rose sharply on Monday, touching a 52-week high of $17.31. The stock ended the day 1.17% higher at $17.30 on volume of 4.11 million, taking its gains in the last three trading sessions to nearly 3.30%. Shares of FITB have seen a series of highs over the past two weeks which is a bullish signal. The stock is also trading above its 50-day and 200-day moving averages which further confirms the positive trend. Shares of FITB have outperformed the S&P 500 so far in 2013, gaining more than 14.50%. Sign up and read the complimentary report on FITB at
www.StockCall.com/FITB050713.pdf
Another regional bank’s stock that rose sharply yesterday was Comerica Incorporated. Shares of the Dallas, Texas-based regional bank rose to a 52-week high of $37.47 on Monday. The stock finished at 52-week high level, up 1.08% from previous trading session’s closing price. Comerica’s shares have gained more than 4.70% in the last three sessions, tracking gains in the broad market. Year-to-date, the stock has now gained more than 24%, outperforming the S&P 500. The company’s shares are currently trading above their 50-day and 200-day moving averages which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. The free report on CMA can be downloaded by signing up now at
www.StockCall.com/CMA050713.pdf
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