NEW YORK, August 9, 2017 /PRNewswire/ --
If you want a Stock Review on C, CM, CMA, or MTU then come over to http://dailystocktracker.com/register/ and sign up for your free customized report today. Money Center Banks raise most of their funds from the domestic and international money marks, relying less on depositors for funds. Typically, they borrow from and lends to governments, corporations, and other banks, rather than consumers. In today's pre-market research, DailyStockTracker.com observes the following banking equities: Citigroup Inc. (NYSE: C), Canadian Imperial Bank of Commerce (NYSE: CM), Comerica Inc. (NYSE: CMA), and Mitsubishi UFJ Financial Group Inc. (NYSE: MTU). Learn more about these stocks by downloading their comprehensive and free reports from DailyStockTracker.com member's area at: http://dailystocktracker.com/register/
On Tuesday, shares in New York-based Citigroup Inc. saw a slight decline of 0.23%, ending the day at $68.88. The stock recorded a trading volume of 16.63 million shares. The Company's shares have advanced 1.82% in the last one month, 14.36% over the previous three months, and 15.90% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.09% and 14.92%, respectively. Moreover, shares of Citigroup, which provides various financial products and services for consumers, corporations, governments, and institutions worldwide, have a Relative Strength Index (RSI) of 60.35.
On July 11th, 2017, research firm HSBC Securities initiated a 'Hold' rating on the Company's stock.
On July 24th, 2017, Citigroup announced collaboration with Cornell Tech, the revolutionary graduate institution, to engage with Cornell University students, faculty, researchers, startups, and other companies, and create closer ties between academia and industry. The collaboration will be anchored by Citigroup's presence on the Cornell Tech campus on Roosevelt Island. C complete research report is just a click away at: http://dailystocktracker.com/registration/?symbol=C
Canadian Imperial Bank of Commerce
Shares in Toronto, Canada headquartered Canadian Imperial Bank of Commerce ended the day 0.33% higher at $86.24 with a total trading volume of 410,368 shares. In the last month and the previous three months, the stock has gained 4.79% and 9.25%, respectively. Additionally, the Company's shares have advanced 5.69% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.86% and 4.21%, respectively. Furthermore, shares of the Company, which provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally, have an RSI of 62.44.
On July 18th, 2017, research firm Canaccord Genuity initiated a 'Buy' rating on the Company's stock.
On July 21st, 2017, CIBC Asset Management Inc., the asset management subsidiary of Canadian Imperial Bank of Commerce, introduced a suite of new, lower-cost CIBC Passive Portfolios to improve value and accessibility for Canadian investors. The Company is also making changes to its investment lineup that include management-fee reductions, lower investment minimums, and a simplified product offering across its mutual funds lineup. The complimentary report on CM can be downloaded at: http://dailystocktracker.com/registration/?symbol=CM
At the close of trading on Tuesday, shares in Dallas, Texas headquartered Comerica Inc. finished 0.04% higher at $73.46 with a total trading volume of 1.44 million shares. The stock has advanced 3.16% over the previous three months and 7.85% on an YTD basis. The Company's shares are trading above their 50-day and 200-day moving averages by 1.34% and 7.68%, respectively. Additionally, shares of Comerica, which through its subsidiaries, provide various financial products and services, have an RSI of 52.55.
On July 26th, 2017, Comerica Bank, a subsidiary of Comerica, announced that its California Economic Activity Index increased by 1.3% in May, to reach 131.0. May's reading is 47 points, or 56%, above the index cyclical low of 84.1. The index averaged 122.4 points in 2016, two and three-fifths points above the average for all of 2015. April's index reading was 129.7. Sign up for your complimentary research report on CMA at: http://dailystocktracker.com/registration/?symbol=CMA
Mitsubishi UFJ Financial Group
Tokyo, Japan headquartered Mitsubishi UFJ Financial Group Inc.'s shares recorded a trading volume of 712,712 shares at the end of yesterday's session. The stock closed the day 0.47% lower at $6.41. The Company's shares have advanced 4.06% on an YTD basis. The stock is trading above its 200-day moving average by 1.57%. Additionally, shares of Mitsubishi UFJ Financial, which provides financial services in Japan and internationally, have an RSI of 45.48.
On July 17th, 2017, Mitsubishi UFJ Financial announced that it has filed its Annual Report on Form 20-F for the fiscal year ended March 31st, 2017 with the US SEC on July 14th, 2017. The Annual Report includes the Company's audited consolidated financial statements prepared under US GAAP as of and for the fiscal year ended March 31st, 2017. Get free access to your research report on MTU at: http://dailystocktracker.com/registration/?symbol=MTU
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