NEW YORK, November 17, 2016 /PRNewswire/ --
Stock-Callers.com revisits the Regional Midwest Banks industry which comprises big cities like Chicago, Detroit, Indianapolis and Columbus. Agriculture and manufacturing are the major economic activities of the region. Equities to assess are today: KeyCorp. (NYSE: KEY), Huntington Bancshares Inc. (NASDAQ: HBAN), Fifth Third Bancorp (NASDAQ: FITB), and U.S. Bancorp (NYSE: USB). Learn more about these stocks by downloading their free research reports in PDF format at:
KeyCorp.'s stock finished Wednesday's session 2.11% lower at $16.73, with a total volume of 23.33 million shares traded. Over the last one month and the previous three months, KeyCorp.'s shares have surged 32.46% and 37.02%, respectively. Furthermore, the stock has gained 33.30% in the past one year. Shares of the Company are trading at a PE ratio of 18.97. The Company's shares are trading above its 50-day and 200-day moving averages by 26.66% and 40.02%, respectively. KeyCorp.'s stock has a Relative Strength Index (RSI) of 79.89.
On November 2nd, 2016, Photon Interactive announced that it had partnered with KeyCorp, Ohio, leading regional bank, in transforming and modernizing their Digital Channel. KeyBank accelerated the program to meet the tight timeframes and high expectations of seamlessly integrating First Niagara Financial Services customers on new online banking platform.
Yesterday, research firm Bernstein downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Sign up and read the free research report on KEY at:
On Wednesday, shares in Huntington Bancshares Inc. recorded a trading volume of 16.46 million shares, which was higher than their three months average volume of 15.60 million shares. The stock ended the day 0.25% lower at $11.93. Shares of the Company are trading at a PE ratio of 16.64. The stock has gained 21.73% in the last one month, 26.35% in the previous three months, and 6.97% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 17.24% and 24.47%, respectively. Furthermore, shares of Huntington Bancshares have an RSI of 75.05.
On October 26th, 2016, Huntington Bancshares reported Q3 2016 net income of $127 million, a $26 million, or 17%, decrease from the year-ago quarter. Earnings per common share for Q3 2016 were $0.11, down $0.07, or 39%, from Q3 2015. Total revenue increased 24% on a y-o-y basis. Net interest margin was 3.18%, an increase of 2 basis points from Q3 2015.
On October 27th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $12 a share to $13 a share. The complimentary research report on HBAN can be downloaded at:
Fifth Third Bancorp
Fifth Third Bancorp's stock declined 3.00%, to close the day at $24.90. The stock recorded a trading volume of 10.76 million shares, which was above its three months average volume of 7.62 million shares. Fifth Third Bancorp's shares have gained 25.31% in the last one month and 27.97% in the previous three months. Furthermore, the stock has gained 29.11% in the past one year. Shares of the Company are trading 18.18% and 35.32% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 11.10 and has an RSI of 72.43.
On November 1st, 2016, the company announced that Aravind Immaneni joined the bank effective November 14th, 2016, as executive vice president and chief operations and technology officer. Immaneni reports to President and CEO Greg D. Carmichael. He is responsible for all aspects of information technology and back-office operations at the $143 billion bank.
Yesterday, research firm Robert W. Baird downgraded the Company's stock rating from 'Neutral' to 'Underperform'. The research firm revised upwards its previous target price from $19 to $21. Register for free on Stock-Callers.com and access the latest report on FITB at:
On Wednesday, shares in U.S. Bancorp ended the session 1.70% lower at $47.87, with a total volume of 10.89 million shares traded. U.S. Bancorp's shares have advanced 11.30% in the last one month and 11.49% in the previous three months. Furthermore, the stock has gained 14.14% in the past one year. The stock is trading 9.13% above its 50-day moving average and 15.00% above its 200-day moving average. Moreover, shares of the Company are trading at a PE ratio of 14.83 and have an RSI of 71.68.
On November 10th, 2016, US Bancorp announced that the U.S. Bank AP Optimizer has received the Business Intelligence Group's BIG Award for Business as 2016 New Product of the Year in the Business Services category. The AP (Accounts Payable) Optimizer is the first truly digital accounting and payment solution that enables small and medium businesses to manage cash flow in near real-time.
Yesterday, research firm Piper Jaffray downgraded the Company's stock rating from 'Overweight' to 'Neutral'. Get free access to your research report on USB at:
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