StockCall.com Provides Stock Research on Bank of America Corp., Citigroup Inc., Wells Fargo & Co., PNC Financial Services Group Inc., and TCF Financial Corp.
New York City, New York -- (June 13, 2013)
The banking sector in the U.S. is significantly stronger when compared to banks in Europe. Most U.S. banks have strengthened their balance sheets post the financial crisis and are ready to meet strict capital requirements. However, U.S. banking sector is facing significant margin pressure. With interest rates near zero for almost four years now, banks’ net interest margins have been squeezed. On Wednesday, June 12, 2013, shares in money center banks ended mostly lower as the broad market fell sharply. The major movers in the sector includedBank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), Wells Fargo & Co. (NYSE: WFC), PNC Financial Services (NYSE: PNC), and TCF Financial Corporation (NYSE: TCB). StockCall has issued technical analysis and charting reports on BAC, C, WFC, PNC, and TCB. Download these free reports now at
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Shares in Bank of America Corporation showed a mild decline on Wednesday, closing at $13.06, or 0.46% lower. A total of 117.106 million shares were traded during the session, while its average daily trading volume stands at 138.76 million and the stock oscillated between $12.97 and $13.25. Over the past five trading days, the stock declined 4.39% while the markets wavered. So far this year, the share has increased 14.96%. BofA’s shares have high volatility with beta of 2.39, and the company commands market capitalization of $140.79 billion. Download the free research on BAC today by registering at
www.StockCall.com/BAC061313.pdf
Citigroup Inc.’s stock ended lower on Wednesday, down 1.02% at $49.44. A total of 38.55 million shares were traded. With the wider market swaying sideways during the past five trading sessions, the company’s shares declined 4.9%. What’s more, it has added 26.74% so far this year. During yesterday’s session, the stock traded between $49.16 and $50.45 while its 52 weeks trading range stands at $24.91 and $53.56. Citigroup commands market capitalization of $150.44 billion, and its stock is highly volatile as implied by its beta of 2.60. The stock gained 78 percent in the past 52 weeks. Sign up and have access to our free report on C at
www.StockCall.com/C061313.pdf
Wells Fargo & Co.’s stock hit an intraday low of $40.12 to finish the day 0.96% lower at $40.27. A total of 18.32 million shares were traded in comparison to its usual trading volume of 20.96 million shares. The stock is up 18.76% so far this year. In the past 52 weeks, the stock traded between $30.34 and $41.69 while it gained 28.13 percent during the same time period. Wells Fargo shows mild volatility as implied by its beta of 1.38. The stock is currently trading in-line with its 20-day moving average price of $40.27 and 50-day moving average price of $40.24. Sign up and read the complimentary report on WFC at
www.StockCall.com/WFC061313.pdf
Shares in PNC Financial Services moved lower on Wednesday even as the stock hit an intraday high of $72.23. It finished the day 1.27% lower at $70.84. So far this year, the share has gained more than 23%, thus outperforming the S&P 500. The company’s stock currently trades below its 20-day but above 50-day moving average price of $71.33 and $68.76 respectively. PNC saw volume turnover of 2.60 million shares during yesterday’s trading session. Its beta of 1.27 implies high volatility. The free report on PNC can be downloaded by signing up now at
www.StockCall.com/PNC061313.pdf
TCF Financial Corporation’s stock ended lower on Wednesday, finishing 1.47% lower at $14.05. A total of 546,702 shares were traded during the session. The stock’s usual trading volume stands at 1.25 million shares. In the past 52 weeks, the stock traded between $9.59 and $15.31. TCB commands market capitalization of $2.30 billion, and it has a low volatility as denoted by its beta of 0.67. Free report on TCB can be accessed by registering at
www.StockCall.com/TCB061313.pdf
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