Technical Reports on Banking Stocks -- KeyCorp, Huntington Bancshares, Fifth Third Bancorp, and US Bancorp
NEW YORK, January 30, 2017 /PRNewswire/ --
This morning, Stock-Callers.com draws investors' attention to four Regional Midwest Banks equities which are: KeyCorp (NYSE: KEY), Huntington Bancshares Inc. (NASDAQ: HBAN), Fifth Third Bancorp (NASDAQ: FITB), and US Bancorp (NYSE: USB). These companies belong to the Financials sector, which finished near its session lows on Friday, January 27th, 2017, after giving in to mild late-week profit-taking. Towards day's end, the NYSE Financials Sector Index sank about 0.6%, while Financials companies in the S&P 500 Index dropped about 0.5%. Download the free research reports on these stocks today:
http://stock-callers.com/registration
KeyCorp
Ohio headquartered KeyCorp's stock saw a slight drop of 0.81%, finishing last Friday's trading session at $18.30. A total volume of 6.53 million shares was traded. The Company's shares have gained 29.68% over the previous three months and 0.16% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 2.05% and 34.23%, respectively. Additionally, shares 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 54.15.
On January 19th, 2017, KeyCorp announced Q4 2016 net income from continuing operations attributable to common shareholders of $213 million, or $.20 per common share, compared to $224 million, or $.27 per common share, for Q4 2015. The Company's taxable-equivalent net interest income was $948 million for Q4 2016, and the net interest margin was 3.12%, compared to taxable-equivalent net interest income of $610 million and a net interest margin of 2.87% for Q4 2015.
On January 20th, 2017, research firm Sandler O'Neill downgraded the Company's stock rating from 'Buy' to 'Hold'. See our free and comprehensive research report on KEY at:
http://stock-callers.com/registration/?symbol=KEY
Huntington Bancshares
Shares in Ohio headquartered Huntington Bancshares Inc. ended at $13.78, down 1.64% from the last trading session. The stock recorded a trading volume of 10.16 million shares. The Company's shares have advanced 2.53% in the past month, 29.56% over the previous three months, and 4.24% on an YTD basis. The stock is trading 5.89% and 31.06% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Huntington Bancshares, 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 61.46.
On January 03rd, 2017, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with an increase of the target price from $11 a share to $14 a share.
On January 25th, 2017, Huntington reported net income for Q4 2016 of $212 million, up 19% from Q4 2015. The Company's earnings per common share (EPS) for Q4 2016 were $0.18, down 14% from Q4 2015 EPS of $0.21. For Q4 2016, Huntington's return on average assets was 0.84%, while return on average tangible common equity was 11.4%. The Company's Q4 2016 total revenue increased 39% on a y-o-y basis to $1.08 billion. HBAN free research report PDF is just a click away at:
http://stock-callers.com/registration/?symbol=HBAN
Fifth Third Bancorp
On Friday, shares in Cincinnati, Ohio headquartered Fifth Third Bancorp recorded a trading volume of 5.04 million shares. The stock declined 1.29%, closing the day at $26.76. The Company's shares have gained 24.11% in the previous three months. The stock is trading 0.97% above its 50-day moving average and 28.12% above its 200-day moving average. Additionally, shares of Fifth Third Bancorp, which operates as a diversified financial services company in the US, have an RSI of 51.92.
On January 24th, 2017, the Company reported full year 2016 net income of $1.6 billion, down 9% from net income of $1.7 billion in full year 2015. The Company's Q4 2016 net income was $395 million, down 40% from net income of $657 million in Q4 2015.
On January 25th, 2017, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with a decrease of the target price from $27 a share to $26 a share. Sign up for your complimentary report on FITB at:
http://stock-callers.com/registration/?symbol=FITB
US Bancorp
At the close, Minnesota headquartered US Bancorp's stock recorded a trading volume of 6.85 million shares, and finished the session 0.08% higher at $52.99. The Company's shares have gained 1.85% in the past month, 20.45% in the previous three months, and 3.15% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.45% and 19.84%, respectively. Furthermore, shares of US Bancorp, which provides a range of financial services in the US, have an RSI of 66.61.
On January 19th, 2017, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $51 a share to $52 a share. Register for free on Stock-Callers.com and download the latest research report on USB at:
http://stock-callers.com/registration/?symbol=USB
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