StockCall.com Provides Stock Research on Itau Unibanco Holding S.A., Sumitomo Mitsui Financial Group Inc., Barclays PLC, Lloyds Banking Group plc, and Credit Suisse Group
New York City, New York -- (May 20, 2013)
Major banks in the U.S. have emerged stronger from the financial crisis, with stronger balance sheets. However, European banks are still under pressure to improve their balance sheets and boost their capital ratios. Banks in emerging markets are also under pressure to strengthen their balance sheets. Banks, however, received a little relief earlier this year after the Basel Committee on Banking Supervision extended the deadline to comply with its Liquidity Coverage Ratio (LCR) by another four years to 2019. Foreign bank’s stocks ended mostly higher on Friday, tracking gains in the broad market, which rose sharply following the release of some upbeat U.S. economic data. Among the major movers were Itau Unibanco Holding SA (NYSE: ITUB), Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG), Barclays Plc (NYSE: BCS), Lloyds Banking Group Plc (NYSE: LYG), and Credit Suisse Group AG (NYSE: CS). StockCall free coverage on ITUB, SMFG, BCS, LYG, and CS is available upon registration at
www.stockcall.com/register
Shares of Brazil-based Itau Unibanco Holding SA ended marginally higher in Friday’s trading session. The stock closed 0.41% higher at $17.22 on volume of 5.61 million after trading between $17.12 and $17.27. Itau Unibanco’s shares gained 1% in the last three sessions. Year-to-date, the stock has gained nearly 6% as compared to a growth of more than 16.90% for the S&P 500. The bank’s shares are currently trading more than 9.60% below their 52-week high. Download the free technical research on ITUB by signing up at
www.StockCall.com/ITUB052013.pdf
Shares of Sumitomo Mitsui Financial Group Inc. edged higher in trading on Friday. The stock touched an intraday high of $9.43 before finishing the day 0.97% higher at $9.37 on volume of 1.72 million. Despite the gains on Friday, Sumitomo Mitsui Financial’s shares have fallen 3.80% in the last three sessions. However, the stock is still trading close to its 52-week high of $9.96. Year-to-date, Sumitomo Mitsui Financial’s shares have gained more than 27.60%, outperforming the S&P 500. Register now and get access to the free analysis on SMFG at
www.StockCall.com/SMFG052013.pdf
Shares of U.K.-based Barclays Plc rose sharply in Friday’s trading session, extending their gains from the previous trading sessions. The stock closed 2.61% higher at $20.03 on volume of 2.49 million, taking its gains in the last three sessions to over 4.20%. Barclays’ shares touched an intraday high of $20.10 at the end of last week’s session. The stock is currently trading close to its 52-week high of $20.60. Shares of BCS are currently trading well above their 50-day and 200-day moving averages which is a bullish signal. Sign up and read the complimentary report on BCS at
www.StockCall.com/BCS052013.pdf
Shares of Lloyds Banking Group Plc rallied on Friday, touching a 52-week high of $3.85. The stock closed at its 52-week high, up 3.49% from previous trading session’s closing price. The gains came on above average volume of 2.66 million. Lloyds’ shares have gained more than 6.60% in the last three trading sessions. The stock has seen a series of highs over the past few weeks which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. The free report on LYG can be downloaded by signing up now at
www.StockCall.com/LYG052013.pdf
Another major foreign bank that rallied on Friday was Credit Suisse Group AG. Shares of the Switzerland-based bank rose 1.99% to finish the day at $30.26 on above average volume of 2.48 million. Shares of CS are currently trading close to their 52-week high of $30.40. The stock has gained more than 23.60% so far in 2013, outperforming the S&P 500. Credit Suisse’s shares are currently trading above their 50-day and 200-day moving averages. Free report on CS can be accessed by registering at
www.StockCall.com/CS052013.pdf
About StockCall.com
StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at
www.stockcall.com
Contact Person:
William T. Knight
Email: info@stockcall.com
Contact Number: (646) 396-9857 (9:00 am EST – 01:30 pm EST)