Why Investors are Crazed Again With Banking Stocks? - Royal Bank of Canada, TCF Financial, Bank of Montreal and OFG Bancorp

26 May, 2016, 08:30 ET from Chelmsford Park SA

NEW YORK, May 26, 2016 /PRNewswire/ --

Banking stocks were in bullish territory yesterday at the close as the street's sentiment was that the sector would be benefitting from higher interest rates should the Feds make a move in that direction later this year. ActiveWallSt.com focus today is on four equities in the Money Center Banks industry: Royal Bank of Canada (NYSE: RY), TCF Financial Corp. (NYSE: TCB), Bank of Montreal (NYSE: BMO), and OFG Bancorp (NYSE: OFG). Receive your free technical alerts on these stocks at:

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Shares in diversified financial service Company, Royal Bank of Canada, ended Wednesday's session at $60.89, gaining 1.93%. The stock recorded a trading volume of 1.18 million shares. The Company's shares have surged 23.05% in the previous three months and 16.20% since the start of this year. The stock is trading 3.65% above its 50-day moving average and 12.07% above its 200-day moving average. Moreover, shares of Royal Bank of Canada have a Relative Strength Index (RSI) of 60.17. Register now and access free trade alerts on RY at:

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Minnesota headquartered bank holding Company for TCF National Bank, TCF Financial Corp.'s stock climbed 2.08%, closing the day at $14.22. A total volume of 1.46 million shares was traded, which was above their three months average volume of 1.27 million shares. The Company's shares have advanced 4.84% in the last month, 25.44% in the previous three months, and 1.97% on an YTD basis. The stock is trading 10.97% above its 50-day moving average and 4.08% above its 200-day moving average. Additionally, shares of TCF Financial have an RSI of 72.46. Visit us today and activate your complimentary trade alerts on TCB at:

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On Wednesday, shares in Bank of Montreal, a diversified financial services provider, recorded a trading volume of 916,054 shares, which was higher than their three months average volume of 581,590 shares. The stock ended the day 2.50% higher at $64.79. The Company's shares have advanced 0.46% in the past month, 20.77% in the previous three months, and 17.35% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 4.67% and 15.89%, respectively. Furthermore, shares of Bank of Montreal have an RSI of 63.77. Trade alert on BMO is available for free at:

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OFG Bancorp operates in three segments: Banking, Wealth Management, and Treasury. The stock gained 1.24%, finishing yesterday's session at $9.00. A total volume of 656,317 shares was traded, which was above their three months average volume of 577,060 shares. The Company's shares have advanced 0.22% in the last one month, 71.93% in the previous three months, and 24.02% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 17.62% and 19.49%, respectively. Additionally, shares of OFG Bancorp have an RSI of 69.21. Complimentary alert on OFG is accessible at:

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