Technical Reports on Banking Stocks -- Toronto-Dominion, TCF Financial, Sterling Bancorp, and First Republic Bank
NEW YORK, December 27, 2016 /PRNewswire/ --
Stock-Callers.com reviews the Money Center Banks industry which includes banks that typically borrow from and lend to governments, corporations, and other banks, rather than to and from consumers. These financial institutions raise most of their funds from domestic and international money marks, relying less on depositors for funds. Four equities have been lined up for assessment, which are The Toronto-Dominion Bank (NYSE: TD), TCF Financial Corp. (NYSE: TCB), Sterling Bancorp. (NYSE: STL), and First Republic Bank (NYSE: FRC). Download the free research reports on these stocks today:
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Toronto-Dominion
Canada headquartered The Toronto-Dominion Bank's stock saw a slight decline of 0.58%, finishing last Friday's trading session at $49.56. A total volume of 863,080 shares was traded. The Company's shares have gained 4.53% in the last month, 14.41% over the previous three months, and 31.53% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 5.68% and 12.89%, respectively. Additionally, shares of Toronto-Dominion, which together with its subsidiaries, provides various personal and commercial banking products and services in Canada, the US, and internationally, have a Relative Strength Index (RSI) of 63.25.
On December 15th, 2016, TD Asset Management Inc., wholly-owned subsidiary of Toronto-Dominion Bank, announced the December cash distributions per Unit ($) for the following TD exchange-traded funds. The company announced Cash Distribution for TD S&P/TSX Capped Composite Index ETF of $0.1050, TD S&P 500 Index ETF of $0.0750, TD S&P 500 CAD Hedged Index ETF of $0.0750, TD International Equity Index ETF, $0.1150, TD International Equity CAD Hedged Index ETF, $0.1150, and TD Canadian Aggregate Bond Index ETF $0.04. Unit-holders of record on December 29th, 2016 will receive cash distributions payable on January 06th, 2017. See our free and comprehensive research report on TD at:
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TCF Financial
Shares in Minnesota headquartered TCF Financial Corp. ended at $19.78, up 0.51% from the last trading session. The stock recorded a trading volume of 480,403 shares. The Company's shares have advanced 14.53% in the past month, 40.30% over the previous three months, and 43.34% on an YTD basis. The stock is trading 20.41% and 40.13% above its 50-day and 200-day moving averages, respectively. Moreover, shares of TCF Financial, which operates as the bank holding company for TCF National Bank that provides various financial products and services in the US and Canada, have an RSI of 72.79.
On December 14th, 2016, TCF Financial and its subsidiaries announced that they are increasing their prime rate to 3.75% from 3.50%, effective December 15th, 2016. TCB free research report PDF is just a click away at:
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Sterling Bancorp.
On Friday, shares in New York-based Sterling Bancorp. recorded a trading volume of 328,997 shares. The stock declined 0.62%, closing the day at $23.85. The Company's shares have gained 1.49% in the last one month, 40.53% in the previous three months, and 49.58% on an YTD basis. The stock is trading 14.08% above its 50-day moving average and 36.23% above its 200-day moving average. Additionally, shares of Sterling Bancorp, which operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the US, have an RSI of 63.26.
On December 12th, 2016, Sterling National Bank announced that Lindy Baldwin has joined the bank's Franchise Finance team as Managing Director, Franchise Finance and Vice President. She will report to Keith Smith, Senior Managing Director of the Equipment Finance Division and SVP at Sterling.
On December 19th, 2016, research firm Maxim Group reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $21 a share to $27 a share. Sign up for your complimentary report on STL at:
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First Republic Bank
At the close, shares in California headquartered First Republic Bank recorded a trading volume of 452,551 shares. The stock finished the session 0.41% higher at $91.57. The Company's shares have gained 11.17% in the past month, 19.12% over the previous three months, and 39.86% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 12.74% and 24.48%, respectively. Furthermore, shares of First Republic Bank, which together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the US, have an RSI of 70.40.
On December 12th, 2016, the Company announced it has acquired Gradifi Inc., a Boston-based student loan repayment technology platform to assist the nation's 44 million student loan borrowers.
On December 20th, 2016, research firm FBR & Co. upgraded the Company's stock rating from 'Market Perform' to 'Outperform' while revising its previous target price from $85 a share to $100 a share. Register for free on Stock-Callers.com and download the latest research report on FRC at:
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