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Today's Technical View on Bank of America, Citigroup, Wells Fargo & Co., and Bank of Montreal



 Today's Technical View on Bank of America, Citigroup, Wells Fargo & Co., and
                               Bank of Montreal

PR Newswire

LONDON, March 7, 2013

LONDON, March 7, 2013 /PRNewswire/ --

Bank stocks had an excellent run in 2012 despite a challenging macro
environment. Since the financial crisis of 2009, major banks in the U.S. have
been strengthening their balance sheets. Banks are also adapting to changing
regulatory environment. Although record low interest rates have put pressure
on net interest margins, banks such as Bank of America Corp. (NYSE: BAC),
Citigroup Inc. (NYSE: C) and Wells Fargo & Co. (NYSE: WFC) are benefiting from
an increase in mortgage lending activity. Canadian banks such as Bank of
Montreal (USA) (NYSE: BMO) are also benefiting from an improved macro
environment. Bank stocks finished mostly higher in Wednesday's trading session
as the Dow Jones closed at yet another all-time high. StockCall initiated free
in-depth technical analysis on BAC, C, WFC, and BMO which are currently
available upon sign up at

http://www.stockcall.com/research

Shares of Bank of America Corp. rallied in Wednesday's trading session. The
stock closed 3.20% higher at $11.92 on above average volume of 182.56 million.
The bank's shares have now gained more than 5% in the last three trading
sessions, outperforming the broad market. However, year-to-date, Bank of
America's shares have underperformed the broad market, gaining a little over
2.60%. However, technical indicators suggest that market sentiment has just
turned bullish on the stock. The stock has recently moved above its 50-day
moving average. The stock has finished higher in each of the four previous
trading sessions on substantial volume. Sign up for the free technical
analysis on BAC at

http://www.StockCall.com/BAC030713.pdf

Shares of Citigroup Inc. rose sharply in Wednesday's trading session, closing
2.25% higher at $44.58 on above average volume of 35.99 million. The stock hit
a 52-week high of $44.75 yesterday. For the week, Citigroup shares have gained
nearly 6%, outperforming the broad market. Year-to-date, the stock has gained
more than 12%, outperforming the S&P 500. Citigroup shares have broken through
$44 resistance level, which is a bullish signal. The bullish trend is further
confirmed by the MACD chart. The stock's MACD chart has just crossed above the
signal line. Download the free report on C by registering at

http://www.StockCall.com/C030713.pdf

While shares of Bank of America Corp. and Citigroup Inc. rallied on Wednesday,
shares of Wells Fargo & Co. posted modest gains. The stock closed 0.47% higher
at $36.05 on volume of 18.49 million after touching an intra-day high of
$36.14. Wells Fargo shares are currently hovering around their 52-week high of
$36.60. Year-to-date, the stock has gained nearly 5.50%, underperforming the
broad market. Technical indicators for the banking giant are currently giving
strong bullish signals. The stock's MACD has just crossed the signal line on
the upside. Recent volume activity also points to bullish market sentiment.
The free report on WFC can be downloaded by signing up now at

http://www.StockCall.com/WFC030713.pdf

Shares of Bank of Montreal fell in Wednesday's trading session, closing 0.69%
lower at $62.02 on volume of 340,365. Year-to-date, the bank's shares have
gained just a little over 1%, underperforming the S&P 500, which has gained
more than 8% in the same period. Bank of Montreal's shares are currently
facing resistance at around $62.50. The stock has support at $62. Free report
on BMO can be accessed by registering at

http://www.StockCall.com/BMO030713.pdf

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SOURCE StockCall.com

Contact: Contact Person:William T. Knight, Email: info@stockcall.com, Contact
Number: +1(646)396-9857 (9:00 am EST - 01:30 pm EST)
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