NEW YORK, December 12, 2016 /PRNewswire/ --
Ahead of today's trading session, Stock-Callers.com draws investors' attention to the following Money Center Banks equities: ICICI Bank Ltd (NYSE: IBN), SunTrust Banks Inc. (NYSE: STI), Comerica Inc. (NYSE: CMA), and Canadian Imperial Bank of Commerce (NYSE: CM). These companies belong to the Financials sector which ended little changed in afternoon trading on Friday, December 09th, 2016, following nearly a week of sizable advances. According to an article on the NASDAQ, the NYSE Financial Sector Index climbed less than 0.1%, while financial companies in the S&P 500 Index rose about 0.1%. Learn more about these stocks by accessing their free research reports at:
Shares in India-based ICICI Bank Ltd ended Friday's session 1.14% higher at $7.98 with a total trading volume of 5.89 million shares. The stock has advanced 4.05% on an YTD basis. The Company's shares are trading 0.99% above their 50-day moving average and 8.51% 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 55.00. Free research report on IBN is available at:
Georgia headquartered SunTrust Banks Inc.'s shares rose 0.09%, closing the day at $54.84. A total volume of 4.21 million shares was traded, which was above their three months average volume of 4.06 million shares. The stock has advanced 14.49% in the last month, 24.89% in the previous three months, and 31.07% since the start of this year. The Company's shares are trading 14.56% and 29.66% above their 50-day and 200-day moving averages, respectively. Additionally, shares of SunTrust have an RSI of 74.15.
On November 18th, 2016, SunTrust announced that it has been selected by the US Treasury Department's Community Development Financial Institutions Fund to receive $80 million in tax credit allocation authority in the 2015-2016 round of the New Markets Tax Credit Program. The company's subsidiary, SunTrust Community Development Enterprises, was one of 120 recipients receiving awards totaling $7 billion. This is the eighth time SunTrust has been selected as a recipient, with awards totaling $508 million in allocation authority.
On November 30th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $51 a share to $53 a share. The complimentary research report on STI can be downloaded at:
Last Friday, shares in Texas headquartered Comerica Inc. gained 0.59%, closing the session at $70.03. The stock recorded a trading volume of 1.93 million shares. The Company's shares have advanced 27.89% in the last one month, 51.78% over the previous three months, and 70.07% on an YTD basis. The stock is trading 27.01% above its 50-day moving average and 53.11% above its 200-day moving average. Furthermore, shares of Comerica, which through its subsidiaries, provides various financial products and services, have an RSI of 88.81.
On November 30th, 2016, Comerica announced that it will host a conference call to review Q4 2016 financial results at 7 a.m. CT on January 17th, 2017. The same morning prior to the call, Comerica will issue a press release informing that its results are available on its website IR page.
Additionally, on November 30th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $58 a share to $61 a share. Visit us today and access our complete research report on CMA at:
Canadian Imperial Bank of Commerce
Canada headquartered Canadian Imperial Bank of Commerce's stock finished the session 0.34% higher at $85.00. A total volume of 755,123 shares was traded, which was higher than their three months average volume of 647,700 shares. The Company's shares have advanced 12.58% in the last month, 9.87% over the previous three months, and 33.73% on YTD basis. The stock is trading above its 50-day and 200-day moving averages by 10.59% and 12.44%, respectively. Additionally, shares of the Company, 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 87.94.
On December 07th 2016, PrivateBancorp Inc. announced that the special meeting of PrivateBancorp's stockholders to vote on the merger with Canadian Imperial Bank of Commerce, which had been scheduled for December 08th, 2016, has been postponed. A new record date for the meeting is expected to be set for early in the first calendar quarter of 2017. The new record date, as well as the new date, time and location for the special meeting, will be announced at a future date. Get free access to your research report on CM at:
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