Banking Stocks Under Review -- Itau Unibanco, Banco Bradesco, Deutsche Bank, and Sumitomo Mitsui Financial

Aug 05, 2016, 07:30 ET from Chelmsford Park SA

NEW YORK, August 5, 2016 /PRNewswire/ --

The global economic trends and conditions have great influence on the Financials sector which is now in a much better state than during the 2008-2009 credit-crunch. Today, shifts investors' focus back to the Foreign Regional Banking industry to see how some companies within this space have been performing in previous weeks. Under review are: Itau Unibanco Holding S.A. (NYSE: ITUB), Banco Bradesco S.A. (NYSE: BBD), Deutsche Bank AG (NYSE: DB), and Sumitomo Mitsui Financial Group Inc. (NYSE: SMFG).  Learn more about these stocks by downloading their free research reports in PDF format at:

Itau Unibanco Holding  

Sao Paulo, Brazil headquartered Itau Unibanco Holding S.A.'s stock rose 2.31% and finished Thursday's trading session at $11.08. A total volume of 21.27 million shares was traded, which was above their three months average volume of 13.88 million shares. In the last one month and the previous three months, the stock has advanced 19.84% and 30.40%, respectively. Additionally, the Company's shares have surged 75.72% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 19.98% and 41.62%, respectively. Moreover, shares of Itau Unibanco Holding, which provides a range of financial products and services to individuals and corporate clients in Brazil and internationally, have a Relative Strength Index (RSI) of 69.13.

On July 20th, 2016, research firm Goldman upgraded the Company's stock rating from 'Sell' to 'Neutral'.

On August 02nd, 2016, Itau Unibanco Holding reported that Q2 2016 recurring net income, which excludes one-time items, declined 9% to 5.58 billion reais, as compared to a pro-forma 6.13 billion reais in the year ago period. The banks' revenue from fees and commissions climbed to 7.82 billion reais in the reported quarter from 7.1 billion reais in the year ago quarter. Sign up and read the free research report on ITUB at:

Banco Bradesco  

On Thursday, shares in Osasco, Brazil headquartered Banco Bradesco S.A. recorded a trading volume of 11.97 million shares, and ended the session 2.85% higher at $9.03. The stock has gained 17.20% in the last one month, 29.33% in the previous three months, and 109.61% on an YTD basis. The Company's shares are trading 18.17% and 51.14% above their 50-day and 200-day moving averages, respectively. Furthermore, shares of Banco Bradesco, which provides banking and financial products and services to individuals, companies, and corporations and institutions, have an RSI of 64.90.

On July 28th, 2016, Bradesco reported Adjusted Net Income for the first semester of 2016 stood at R$8.274 billion (a 5.7% decrease compared to the R$8.778 billion recorded in the same period of 2015), corresponding to earnings per share of R$3.14. The company reported that in June 2016, the Expanded Loan Portfolio reached R$447.492 billion, a decrease of 3.4% over June 2015. As of June 2016, Bradesco's market capitalization stood at R$144.366 billion. The complimentary research report on BBD can be downloaded at:

Deutsche Bank  

Shares in Frankfurt am Main, Germany headquartered Deutsche Bank AG closed the day at $12.70, up 0.08%. The stock recorded a trading volume of 3.76 million shares. The Company's shares are trading 15.80% below their 50-day moving average. Additionally, shares of Deutsche Bank, which provides investment, financial, and related products and services worldwide, have an RSI of 34.66.

On July 27th, 2016, Deutsche Bank reported that its net income for Q2 was down 98% from the same period in the previous year, to 20 million euros, as it exited parts of its business. Revenues were down 20% to 7.39 billion euro from 9.18 billion euro in the year ago period.

On July 29th, 2016, research firm Bank of America/ Merrill downgraded the Company's stock rating from 'Neutral' to 'Underperform'. Register for free on and access the latest report on DB at:

Sumitomo Mitsui Financial Group  

At the closing bell yesterday, shares in Tokyo, Japan headquartered Sumitomo Mitsui Financial Group Inc. ended 1.94% higher at $6.32 and with a total volume of 620,805 shares traded. The stock has advanced 14.08% in the last one month and 5.86% over the previous three months. The Company's shares are trading above their 50-day moving average by 5.15%. Furthermore, shares of Sumitomo Mitsui Financial Group, which together with its subsidiaries, provides various banking and financial services, have an RSI of 57.15.

On July 27th, 2016, Sumitomo Mitsui Financial reported fiscal first-quarter profit attributable to parents of ¥184,285 against ¥267,869 in the year ago period. The bank posted diluted earnings per share of ¥134.65 for the quarter ended on June 30, 2016, versus diluted earnings per share of ¥195.79 for the quarter ended on June 30, 2015. Get free access to your research report on SMFG at:


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