This Morning's Technical Outlook on Banking Stocks -- Bank of Nova Scotia, PNC Financial Services, Toronto-Dominion Bank, and Wells Fargo
NEW YORK, Feb. 5, 2018 /PRNewswire/ -- WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on BNS, PNC, TD, and WFC which can be accessed for free by signing up to www.wallstequities.com/registration. This morning, WallStEquities.com redirects investors' attention to The Bank of Nova Scotia (NYSE: BNS), The PNC Financial Services Group Inc. (NYSE: PNC), The Toronto-Dominion Bank (NYSE: TD), and Wells Fargo & Co. (NYSE: WFC). These stocks are part of the Money Center Banks industry, which gets its trade from corporations, other banks, and governments. Although a money center bank does not conduct any lending or borrowing transactions with the individual customer, it still possesses characteristics of a regular or common bank. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Bank of Nova Scotia
Canada headquartered The Bank of Nova Scotia's stock saw a decline of 2.19%, finishing last Friday's trading session at $64.39. A total volume of 852,854 shares was traded, which was above their three months average volume of 579,690 shares. The stock is trading above its 200-day moving average by 3.70%. Shares of the Company have a Relative Strength Index (RSI) of 36.64.
On January 31st, 2018, Bank of Nova Scotia, operating as Scotiabank, announced the completion of its previously announced share repurchase program (the "Program"), which was commenced pursuant to an issuer bid exemption order issued by the Ontario Securities Commission on December 22nd, 2017. The Bank repurchased a total of 2,000,400 common shares under the Program directly from a third party for an aggregate purchase price of $157,749,182. All common shares acquired under the Program were cancelled. Get the free report on BNS by clicking below at: www.wallstequities.com/registration/?symbol=BNS
PNC Financial Services Group
Shares in Pennsylvania headquartered The PNC Financial Services Group Inc. ended at $157.97, down slightly by 0.74% from the last trading session. The stock recorded a trading volume of 2.67 million shares, which was above its three months average volume of 1.94 million shares. The Company's shares have advanced 15.36% over the previous three months and 31.63% over the past year. The stock is trading 19.45% above its 200-day moving average. Moreover, shares of the Company have an RSI of 70.40.
On January 11th, 2018, PNC Financial Services announced the redemption on January 24th, 2018, of all of the outstanding Senior Notes due February 23rd, 2018 issued by PNC Bank, National Association in the amount of $1,000,000,000 (CUSIP 69353REJ3). The securities have a distribution rate of 1.500% and an original scheduled maturity date of February 23rd, 2018. The redemption price will be equal to $1,000 per $1,000 in principal amount, plus any accrued and unpaid distributions to the redemption date of January 24th, 2018. PNC's complimentary report is a few simple steps away at: www.wallstequities.com/registration/?symbol=PNC
Toronto-Dominion Bank
On Friday, shares in Canada headquartered The Toronto-Dominion Bank recorded a trading volume of 1.38 million shares, which was above their three months average volume of 1.00 million shares. The stock declined 2.14%, closing the day at $59.50. The Company's shares have gained 4.62% over the previous three months and 15.35% over the past year. The stock is trading 11.07% above its 200-day moving average. Additionally, shares of Toronto-Dominion Bank have an RSI of 49.84.
On January 09th, 2018, Toronto-Dominion Bank and its subsidiaries, collectively known as TD Bank Group, announced acquisition of Layer 6 Inc., a world-renowned artificial intelligence company based in Toronto, Ontario. Layer 6 has emerged as a global thought-leader and pioneer in the delivery of responsive, personalized, and insight-driven experiences for the Financial Services industry. Register for your free research report on TD at: www.wallstequities.com/registration/?symbol=TD
Wells Fargo
On Friday, shares in Wells Fargo & Co. recorded a trading volume of 18.60 million shares. The stock finished the session 2.20% lower at $64.07. The Company's shares have gained 13.98% in the previous three months and 14.92% over the past year. The stock is trading above its 200-day moving averages by 15.53%. Furthermore, shares of Wells Fargo have an RSI of 55.26.
On January 10th, 2018, research firm Atlantic Equities upgraded the Company's stock rating from 'Underweight' to 'Neutral'.
On February 01st, 2018, Wells Fargo's Asset Management, a trade name used by the asset management businesses of Wells Fargo, announced that Wai Lee will join the Firm this month as global head of research, with the Multi-Asset Solutions team. Based in New York, Wai comes to the Firm from Neuberger Berman, where he was head of quantitative investments. Wall St. Equities' downloadable research report on WFC available at: www.wallstequities.com/registration/?symbol=WFC
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