NEW YORK, May 11, 2017 /PRNewswire/ --
Companies in the Regional Midwest Banks industry provide a wide range of financial services, including deposits, loans, leases, and mortgages. They also tend to offer dividend yields that are in-line with that of the wider market average. Pre-market today, Stock-Callers.com dedicates attention to: KeyCorp (NYSE: KEY), Huntington Bancshares Inc. (NASDAQ: HBAN), US Bancorp (NYSE: USB), and Fifth Third Bancorp (NASDAQ: FITB). Learn more about these stocks by accessing their free research reports at:
Cleveland, Ohio headquartered KeyCorp's shares rose 0.16%, finishing Wednesday's trading session at $18.50. A total volume of 6.79 million shares was traded. In the last month and the previous three months, the stock has advanced 6.87% and 4.22%, respectively. Additionally, the Company's shares have gained 1.71% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.27% and 16.54%, respectively. Moreover, shares of KeyCorp, which operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the US, have a Relative Strength Index (RSI) of 53.89.
On April 20th, 2017, KeyCorp announced results for Q1 2017. The Company reported net income of $296 million; noninterest income of $577 million; noninterest expense of $1.0 billion; average loans of $86.1 billion; and average deposits of $102.1 billion for Q1 2017. Additionally, the Company incurred merger-related charges totaling $81 million, or $.05 per common share. Excluding merger-related charges, earnings per common share were $.32 during the quarter.
On April 24th, 2017, research firm Piper Jaffray upgraded the Company's stock rating from 'Neutral' to 'Overweight'. Free research report on KEY is available at:
On Wednesday, shares in Columbus, Ohio headquartered Huntington Bancshares Inc. recorded a trading volume of 7.84 million shares, and ended the session 0.23% lower at $12.90. The stock is trading 8.71% above its 200-day moving average. Shares of the Company, which operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services, have an RSI of 43.97.
On April 20th, 2017, research firm FBR & Co. reiterated its 'Market Perform' rating on the Company's stock with a decrease of the target price from $15 a share to $14 a share.
On May 08th, 2017, Huntington Bancshares announced that it will be participating at the Barclays Americas Select Franchise Conference on Tuesday, May 16th, 2017. Mr. Stephen Steinour, the Company's Chairman, President, and CEO, is scheduled to present to analysts and investors at 9:20 a.m. EDT. He will discuss business and financial performance and strategies, and the presentation will include forward-looking statements. The complimentary research report on HBAN can be downloaded at:
Shares in Minneapolis, Minnesota headquartered US Bancorp closed at $51.97, rising 0.76% from the last trading session. The stock recorded a trading volume of 5.28 million shares. The Company's shares have gained 2.34% in the last one month and 1.71% since the start of this year. The stock is trading 7.63% above its 200-day moving average. Additionally, shares of US Bancorp, which provides a range of financial services in the US, have an RSI of 50.74.
On May 05th, 2017, research firm Wells Fargo downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On May 08th, 2017, US Bancorp announced that Andy Cecere, President and CEO, and Terry Dolan, Vice Chairman and CFO, will present at the Barclays Americas Select Franchise Conference 2017. The presentation will begin at 8:00 a.m. EDT on Tuesday, May 16th, 2017, in London, UK. Visit us today and access our complete research report on USB at:
Fifth Third Bancorp
Cincinnati, Ohio headquartered Fifth Third Bancorp's stock ended 0.85% lower at $24.63. A total volume of 6.34 million shares was traded, which was above their three months average volume of 5.93 million shares. The Company's shares are trading above their 200-day moving average by 4.03%. Furthermore, shares of Fifth Third Bancorp, which operates as a diversified financial services company in the US, have an RSI of 44.66.
On May 03rd, 2017, Fifth Third Bancorp announced that nearly 18,000 employees will celebrate Fifth Third Day by working to provide one million meals to feed the hungry across the Bank's ten-state footprint. The month-long food drive will include donations, canned-good drives, and employee-volunteer efforts. Get free access to your research report on FITB at:
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