NEW YORK, NY--(Marketwire - Nov 5, 2012) - For companies operating in the money center banks industry, such as The PNC Financial Services Group Inc. and Citigroup Inc., the recent disruptions caused by Super-storm Sandy have made quite a stir. As offices in the area begin to open up once again, a number of industry players have recently announced their commitment to waiving and refunding a variety of fees for the affected period. StBulls.com has initiated technical analysis on Citigroup Inc. (
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Stronger economic growth is important to money center banks, but the wider effect of the hurricane on the economic recovery in the U.S. remains unclear. Estimates predict a $25 billion cut in output for the fourth quarter, as millions of employees were forced to stay home and innumerable businesses shut down. Read our technical analysis on Citigroup Inc. by clicking on
During the third quarter, money center banks like The PNC Financial Services Group seem to have enjoyed some positive trends. However, some were negatively impacted by one time charges and higher mortgage repurchase costs. Many continue to report modest loan growth and improved non-interest income, while in some cases strong mortgage banking results have also propelled companies forward. Investors looking for technical analysis on The PNC Financial Services Group Inc. are encouraged to use the link below
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