NEW YORK, November 16, 2016 /PRNewswire/ --
On Tuesday, the NASDAQ Composite ended the trading session up 1.10%; the Dow Jones Industrial Average edged 0.29% higher; and the S&P 500 closed up 0.75%. Gains were broad based as eight out of nine sectors ended the session in positive. Stock-Callers.com has initiated research reports today on the following Banking equities: Valley National Bancorp (NYSE: VLY), M&T Bank Corporation (NYSE: MTB), Fulton Financial Corporation (NASDAQ: FULT), and Webster Financial Corporation (NYSE: WBS). Learn more about these stocks by downloading their comprehensive and free reports at:
Valley National Bancorp
Wayne, New Jersey headquartered Valley National Bancorp's stock finished Tuesday's session 1.08% higher at $11.25 with a total volume of 2.54 million shares traded. Over the last one month and the previous three months, Valley National Bancorp's shares have gained 17.92% and 23.69%, respectively. Furthermore, the stock has advanced 8.56% in the past one year. Shares of the Company, which operates as the holding company for the Valley National Bank that provides commercial, retail, trust, and investment services, are trading at a PE ratio of 24.78. The Company's shares are trading above its 50-day and 200-day moving averages by 15.71% and 21.60%, respectively. Valley National Bancorp's stock has a Relative Strength Index (RSI) of 81.87.
On November 14th, 2016, research firm Sandler O'Neill downgraded the Company's stock rating from 'Buy' to 'Hold'. VLY complete research report is just a click away and free at:
Buffalo, New York headquartered M&T Bank Corp.'s stock edged 0.79% lower, to close the day at $138.85. The stock recorded a trading volume of 1.45 million shares, which was above its three months average volume of 868,210 shares. M&T Bank's shares have gained 21.80% in the last one month, 18.90% in the previous three months, and 14.55% in the past one year. Shares of the Company, which operates as the holding company for M&T Bank and Wilmington Trust, National Association that provide commercial and retail banking services, are trading 16.61% and 21.26% above its 50-day and 200-day moving averages, respectively. Additionally, the stock traded at a PE ratio of 18.54 and has an RSI of 83.93.
On October 20th, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $115 a share to $120 a share. The complimentary report on MTB can be downloaded at:
On Tuesday, shares in Lancaster, Pennsylvania headquartered Fulton Financial Corp. recorded a trading volume of 1.31 million shares, which was higher than their three months average volume of 867,820 shares. The stock ended the day 0.86% higher at $17.65. Shares of the Company, which operates as a multi-bank financial holding company that provides banking and financial services to businesses and consumers, are trading at a PE ratio of 19.48. Fulton Financial's stock has gained 24.30% in the last one month, 28.51% in the previous three months, and 29.28% in the past one year. The Company is trading above its 50-day and 200-day moving averages by 20.05% and 28.87%, respectively. Furthermore, shares of Fulton Financial have an RSI of 86.46.
On October 20th, 2016, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with an increase of the target price from $14 a share to $15 a share. Sign up for your complimentary research report on FULT at:
On Tuesday, shares in Waterbury, Connecticut headquartered Webster Financial Corp. ended the session 1.72% lower at $46.76 with a total volume of 3.29 million shares traded. Webster Financial's shares have gained 26.21% in the last one month and 26.28% in the previous three months. Furthermore, the stock has gained 25.95% in the past one year. The stock is trading 19.30% above its 50-day moving average and 28.10% above its 200-day moving average. Moreover, shares of the Company, which operates as the bank and financial holding company for Webster Bank, National Association that provides financial services to individuals, families, and businesses in the US, are trading at a PE ratio of 22.20 and have an RSI of 79.00.
On November 14th, 2016, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'. Get free access to your research report on WBS at:
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