NEW YORK, September 12, 2016 /PRNewswire/ --
Today's pre-market research on Stock-Callers.com is directed to these four Money Center Banks: ICICI Bank Ltd (NYSE: IBN), SunTrust Banks Inc. (NYSE: STI), Comerica Inc. (NYSE: CMA), and Canadian Imperial Bank of Commerce (NYSE: CM). These equities belong to the Financial sector which was broadly lower in afternoon trade on Friday, September 09, 2016. As per an article on NASDAQ, the NYSE Financial Sector Index slid about 1.3%, while financial companies in the S&P 500 Index dropped about 1.5% on Friday. Learn more about these stocks by accessing their free research reports at: http://stock-callers.com/registration
Shares in Mumbai, India-based ICICI Bank Ltd ended Friday's session 1.69% lower at $8.12 with a total trading volume of 7.69 million shares. The stock has advanced 13.25% in the last month, 12.34% over the previous three months, and 5.88% on an YTD basis. The Company's shares are trading 7.33% above their 50-day moving average and 15.84% above their 200-day moving average. Moreover, shares of ICICI Bank, which together with its subsidiaries, provides banking and financial services in India and internationally, have a Relative Strength Index (RSI) of 63.92. Free research report on IBN is available at: http://stock-callers.com/registration/?symbol=IBN
Atlanta, Georgia headquartered SunTrust Banks Inc.'s shares saw a decline of 1.12%, closing the day at $43.39 with a total trading volume of 3.20 million shares. The stock has advanced 4.16% in the last month, 2.76% in the previous three months, and 3.19% since the start of this year. The Company's shares are trading 2.67% above their 50-day moving average and 9.43% above their 200-day moving average. Additionally, shares of SunTrust Banks, which operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the US, have an RSI of 55.00.
On August 16th, 2016, research firm Bernstein downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On September 06th, 2016, SunTrust Banks announced that it plans to release Q3 2016 results on October 21st, 2016. SunTrust management will host a conference call that morning at 8:00 a.m. ET. The complimentary research report on STI can be downloaded at: http://stock-callers.com/registration/?symbol=STI
Last Friday, shares in Dallas, Texas headquartered Comerica Inc. dropped 1.64%, closing the session at $46.20. The stock recorded a trading volume of 2.73 million shares, which was higher than its three months average volume of 2.05 million shares. The Company's shares have advanced 1.92% in the last one month, 5.17% over the previous three months, and 11.64% on an YTD basis. The stock is trading 3.21% above its 50-day moving average and 12.51% above its 200-day moving average. Furthermore, shares of Comerica, which through its subsidiaries, provides various financial products and services, have an RSI of 52.06.
On August 23rd, 2016, Comerica announced that it will report its Q3 2016 earnings prior to the market opening on October 18th, 2016, and will host a conference call to review its Q3 2016 financial results at 7 a.m. CT. Visit us today and access our complete research report on CMA at: http://stock-callers.com/registration/?symbol=CMA
Canadian Imperial Bank of Commerce
Toronto, Canada headquartered Canadian Imperial Bank of Commerce's shares finished the session 1.67% lower at $78.75 with a total trading volume of 544,382 shares. The stock has advanced 2.58% in the last month and 22.43% on YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 2.46% and 9.14%, respectively. Additionally, shares of Canadian Imperial Bank of Commerce, which provides various financial products and services to individuals and small businesses; and commercial, corporate, and institutional clients in Canada and internationally, have an RSI of 51.11.
On August 26th, 2016, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with an increase of the target price from $104 a share to $112 a share.
On September 1st, 2016, CIBC Asset Management announced the addition of Standard Life Investments (Corporate Funds) Limited (Standard Life) as a portfolio sub-advisor for Imperial Global Equity Income Pool. This change will take effect on or about September 15th, 2016. Standard Life joins existing sub-advisors, KBI Global Investors Ltd. (formerly Kleinwort Benson Investors Dublin Ltd.) and Newton Investment Management (North America) Limited on Imperial Global Equity Income Pool. Get free access to your research report on CM at: http://stock-callers.com/registration/?symbol=CM
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