NEW YORK, March 17, 2017 /PRNewswire/ --
Focus is on the Foreign Regional Banks industry, which includes small- to mid-sized banks that usually conduct business in specific geographical regions outside the United States. The dividend yields of these financial institutions cover a wide range, but the majority of them fall below the wider market average. Equities in today's lineup are: First Bancorp (NYSE: FBP), Grupo Financiero Santander Mexico S.A.B. de C.V. (NYSE: BSMX), Banco Santander Brasil S.A. (NYSE: BSBR), and Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG). Learn more about these stocks by accessing their free research reports at:
Santurce, Puerto Rico headquartered First Bancorp's shares rose 3.33%, finishing Thursday's trading session at $5.90 with a total trading volume of 1.26 million shares. The stock is trading above its 200-day moving average by 8.27%. Shares of the Company, which operates as the bank holding company for FirstBank Puerto Rico that provides a range of financial products and services to retail, commercial, and institutional clients, have a Relative Strength Index (RSI) of 37.34.
On March 13th, 2017, First BanCorp announced that its subsidiary, FirstBank Puerto Rico, sold on March 10th, 2017 its outstanding participation in a line of credit to the Puerto Rico Electric Power Authority, reducing its direct exposure to Puerto Rico government related credits. Gross proceeds from the sale have resulted in a slight incremental loss of approximately $570 thousand compared to the adjusted book balance, net of reserves. Free research report on FBP is available at:
Grupo Financiero Santander Mexico
On Thursday, shares in Mexico City, Mexico headquartered Grupo Financiero Santander Mexico S.A.B. de C.V. recorded a trading volume of 1.82 million shares, and ended the session 3.02% higher at $8.20. The stock has gained 12.18% in the last one month, 13.87% over the previous three months, and 14.05% on an YTD basis. The Company's shares are trading 11.59% above their 50-day moving average and 3.19% above their 200-day moving average. Furthermore, shares of Grupo Financiero Santander Mexico, which through its subsidiaries, provides a range of financial services to individuals, private banking clients, small and medium-sized enterprises, government institutions, and corporate and institutional customers primarily in Mexico, have an RSI of 70.43.
On January 27th, 2017, Grupo Financiero Santander México, S.A.B. de C.V., reported net income for Q4 2016 of Ps.4.542 million, representing YoY and QoQ increases of 7.5% and 15.7%, respectively. For full year 2016, the Company's net income amounted to Ps.15,715 million, reflecting an 11.1% increase on a YoY basis. The complimentary research report on BSMX can be downloaded at:
Shares in Sao Paulo, Brazil headquartered Banco Santander S.A. closed at $10.26, down 1.72% from the last trading session. The stock recorded a trading volume of 1.43 million shares, which was above its three months average volume of 1.35 million shares. The Company's shares have surged 36.31% over the previous three months and 20.36% since the start of this year. The stock is trading 36.74% above its 200-day moving average. Additionally, shares of Banco Santander, which provides banking products and services in Brazil and internationally, have an RSI of 43.80. Visit us today and access our complete research report on BSBR at:
Sumitomo Mitsui Financial
Tokyo, Japan headquartered Sumitomo Mitsui Financial Group Inc.'s stock ended 0.13% higher at $7.60 with a total trading volume of 717,132 shares. The Company's shares are trading above their 200-day moving average by 8.36%. Shares of the Company, which together with its subsidiaries, provides various banking and financial services, have an RSI of 41.39.
On March 03rd, 2017, Resona Holdings, Inc., Sumitomo Mitsui Financial Group, Inc., The Minato Bank, Ltd, Kansai Urban Banking Corp., and The Kinki Osaka Bank, Ltd announced that they have agreed to proceed with discussion and consideration for the purpose of a business integration of the three banks, Minato, Kansai Urban, and Kinki Osaka at their respective board of directors meetings. The Business Integration is subject to the approval and permission of the relevant authorities. Get free access to your research report on SMFG at:
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