Pre-Market Technical Recap on Banking Stocks -- PNC Financial Services, Royal Bank of Canada, SunTrust Banks, and Sterling Bancorp
16 Aug, 2017, 06:05 ET
NEW YORK, August 16, 2017 /PRNewswire/ --
If you want a Stock Review on PNC, RY, STI, or STL then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Financials' stocks are set to surge higher over the next 12 months due to rising dividends and bigger share buybacks, according to Goldman Sachs. As per one of Goldman Sachs' strategist: "This is the first year that certain money center banks have been permitted to pay out more than net income. Accelerating dividend growth should attract equity income investors, who are broadly underweight the Financials sector". Ahead of today's trading session, DailyStockTracker.com monitors the performances of these four equities: The PNC Financial Services Group Inc. (NYSE: PNC), Royal Bank of Canada (NYSE: RY), SunTrust Banks Inc. (NYSE: STI), and Sterling Bancorp (NYSE: STL). Daily Stock Tracker provides great insights on these stocks in its free research reports at:
PNC Financial Services
Pittsburgh, Pennsylvania headquartered The PNC Financial Services Group Inc.'s shares saw a slight drop of 0.43%, finishing Tuesday's trading session at $130.34. A total volume of 2.62 million shares was traded, which was higher than their three months average volume of 2.16 million shares. In the last month and the previous three months, the stock has advanced 2.34% and 6.30%, respectively. Additionally, the Company's shares have gained 11.44% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 3.61% and 8.83%, respectively. Moreover, shares of the Company, which operates as a diversified financial services company in the US and internationally, have a Relative Strength Index (RSI) of 56.19.
On August 10th, 2017, research firm Wells Fargo resumed its 'Market Perform' rating on the Company's stock.
On August 10th, 2017, PNC Financial Services appointed Debra A. Cafaro to its Board of Directors, effective immediately. Cafaro is the Chairman of the Board and CEO of Ventas, Inc., an S&P 500 company that is a leading owner of seniors housing, healthcare, and research properties. Free research report on PNC is available at:
Royal Bank of Canada
On Tuesday, shares in Toronto, Canada headquartered Royal Bank of Canada recorded a trading volume of 1.04 million shares, which was above their three months average volume of 1.02 million shares. The stock ended the session 0.38% lower at $73.22. The Company's shares have gained 6.98% over the previous three months and 8.14% on an YTD basis. The stock is trading 0.34% above its 50-day moving average and 3.86% above its 200-day moving average. Furthermore, shares of the Company, which together with its subsidiaries, operates as a diversified financial service company worldwide, have an RSI of 43.60.
On July 18th, 2017, research firm Canaccord Genuity initiated a 'Hold' rating on the Company's stock.
On August 03rd, 2017, Royal Bank of Canada announced that it will release its Q3 2017 results on August 23rd, 2017 at approximately 6:00 a.m. EDT. The conference call is scheduled for 8:00 a.m. EDT on that same day and will feature a presentation by Company executives, followed by a question-and-answer period with analysts. The complimentary research report on RY can be downloaded at:
Shares in Atlanta, Georgia headquartered SunTrust Banks Inc. closed at $57.35, rising 0.07% from the last trading session. The stock recorded a trading volume of 2.11 million shares. The Company's shares have gained 1.29% in the last one month, 0.54% over the previous three months, and 4.56% since the start of this year. The stock is trading 1.56% and 3.37% above its 50-day and 200-day moving averages, respectively. Additionally, shares of SunTrust Banks have an RSI of 52.61.
On August 08th, 2017, SunTrust Banks' Board of Directors approved an increase in the dividend on the Company's common stock. A quarterly cash dividend of $0.40 per common share was declared payable on September 15th, 2017, to shareholders of record at the close of business on August 31st, 2017. The previous quarterly dividend was $0.26.
On August 10th, 2017, research firm Wells Fargo resumed its 'Outperform' rating on the Company's stock, with a target price of $70 per share. Visit DailyStockTracker.com today and access our complete research report on STI at:
Montebello, New York-based Sterling Bancorp's stock ended 1.55% lower at $22.30 with a total trading volume of 1.11 million shares. The Company's shares are trading below their 50-day moving average by 3.03%. Shares of the Company have an RSI of 42.05.
On August 14th, 2017, Sterling National Bank, a subsidiary of Sterling Bancorp, announced that it has named Elvis Grgurovic as Vice President and Managing Director of Commercial Banking. Grgurovic, who will be based in the Company's White Plains office and report to Senior Managing Director Joe Giamartino, will lead the team's sales and services efforts. Get free access to your research report on STL at:
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