Stock Research Monitor: CMA, FRC, and STL
LONDON, UK / ACCESSWIRE / June 7, 2018 / If you want a free Stock Review on C sign up now at www.wallstequities.com/registration. This morning, WallStEquities.com covers the Money Center Banks industry, which comprises banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds. Lined up for assessment today are the following stocks: Citigroup Inc. (NYSE: C), Comerica Inc. (NYSE: CMA), First Republic Bank (NYSE: FRC), and Sterling Bancorp (NYSE: STL). All you have to do is sign up today for this free limited time offer by clicking the link below.
New York-based Citigroup Inc.'s shares gained 2.20%, closing Wednesday's trading session at $68.23. The stock recorded a trading volume of 14.84 million shares. The Company's shares have advanced 11.83% over the past year. The stock is trading 1.75% below its 50-day moving average. Additionally, shares of Citigroup, which provides various financial products and services for consumers, corporations, governments, and institutions, have a Relative Strength Index (RSI) of 46.58.
On May 24th, 2018, Citigroup announced that CFO John Gerspach will present at Morgan Stanley Financials Conference on June 13th, 2018. The presentation is expected to begin at approximately 8:50 a.m. ET. A live webcast will be available on the Company's investor website. Get the full research report on C for free by clicking below at:
On Wednesday, shares in Dallas, Texas headquartered Comerica Inc. recorded a trading volume of 2.00 million shares, which was above their three months average volume of 1.49 million shares. The stock rose 1.84%, ending the day at $97.43. The Company's shares have advanced 3.59% in the past month and 42.40% over the past year. The stock is trading above its 50-day and 200-day moving averages by 1.30% and 11.87%, respectively. Furthermore, shares of Comerica, which through its subsidiaries, provides various financial products and services, have an RSI of 52.74.
On June 05th, 2018, Comerica Bank, a subsidiary of Comerica, announced that its California Economic Activity Index was up by 0.1 points in March to 124.0. March's reading is 26 points, or 27%, above the index cyclical low of 97.7. The index averaged 121.2 points in 2017, two and three-fifths points above the average for all of 2016. February's reading was revised up to 123.9. CMA's complimentary research coverage is a few simple steps away at:
First Republic Bank
San Francisco, California headquartered First Republic Bank's stock finished the day 1.81% higher at $102.32 with a total trading volume of 850,947 shares. The Company's shares have advanced 6.68% in the last month, 4.02% in the previous three months, and 8.50% over the past year. The stock is trading above its 50-day and 200-day moving averages by 7.78% and 8.20%, respectively. Additionally, shares of the Company, which together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the US, have an RSI of 66.18.
On June 05th, 2018, First Republic Bank announced the pricing of a public offering of 12,000,000 depositary shares, each representing a 1/40th interest in a share of its 5.50% Noncumulative Perpetual Series I Preferred Stock, at a public offering price of $25.00 per depositary share. The offering is expected to close on or about June 12th, 2018, subject to the satisfaction of customary closing conditions. Register for your free research report on FRC at:
Shares in Montebello, New York-based Sterling Bancorp ended yesterday's session 1.61% higher at $25.25. The stock recorded a trading volume of 2.58 million shares, which was above its three months average volume of 2.01 million shares. The Company's shares have advanced 5.21% in the last month and 16.36% over the past year. The stock is trading 7.39% and 4.75% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Sterling Bancorp, which operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the US, have an RSI of 63.13. Wall St. Equities' downloadable research report on STL available at:
Wall St. Equities:
Wall St. Equities (WSE) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. WSE has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below.
WSE has not been compensated; directly or indirectly; for producing or publishing this document.
PRESS RELEASE PROCEDURES:
The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third-party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email email@example.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by WSE. WSE is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.
WSE, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. WSE, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, WSE, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice.
NOT AN OFFERING
This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither WSE nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit https://wallstequities.com/legal-disclaimer/
For any questions, inquiries, or comments reach out to us directly. If you're a company, we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Phone number: 21 32 044 483
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
SOURCE: Wall St. Equities