StockCall Study on JPMorgan Chase, KeyCorp, SunTrust Banks, and Bank Of Nova Scotia PR Newswire LONDON, March 15, 2013 LONDON, March 15, 2013 /PRNewswire/ -- Despite a challenging macro environment, banks performed well in 2012 as they benefited from a rise in lending activity which is expected to continue to surge as the Federal Reserve has pledged to keep interest rates at record low levels for a while. Although record low interest rates have boosted lending activity, they have put pressure on banks' net interest margins. Meanwhile, banks such as JP Morgan Chase & Co. (NYSE: JPM), KeyCorp (NYSE: KEY), SunTrust Banks Inc. (NYSE: STI), and The Bank of Nova Scotia (NYSE: BNS) are also adapting to the changing regulatory environment. Bank stocks ended on a mixed note on Thursday even as the broad market edged higher. StockCall free coverage on JPM, KEY, STI, and BNS is available upon registration at http://www.stockcall.com/register JP Morgan Chase & Co. was among the major gainers in the financial sector yesterday. The stock closed 1.67% higher at $51, which is also its 52-week high. The bank's shares had an excellent run in 2012 and the trend has continued this year as well. Year-to-date, shares of the New York City-based banking giant have gained nearly 16%, outperforming the broad market. The stock has seen a series of highs since the start of this year. It faced resistance at around $49 for a while, however, has broken through this level earlier this month. Download the free technical research on JPM by signing up at http://www.StockCall.com/JPM031513.pdf Although the broad market continued to rally in Thursday's session, shares of KeyCorp finished flat. However, the stock managed to touch a 52-week high of $10.05 earlier during the day. The stock closed at $10. KeyCorp is another stock in the financial sector that has outperformed the broad market this year. Year-to-date, the stock has gained more than 18%, compared to a gain of 9.60% for the S&P 500. The bank's shares have seen a series of highs in the last two weeks after breaking through $9.60 resistance level. This is a bullish signal. This optimistic trend is further confirmed by recent volume activity and the stock's MACD chart. Register now and get access to the free analysis on KEY at http://www.StockCall.com/KEY031513.pdf Shares of SunTrust Banks Inc. posted a small loss in its previous session even as the broad market rallied. The stock ended the day 0.03% lower at $29.62. SunTrust Banks' shares are currently trading close to their 52-week high of $30.79. The stock, however, has underperformed the broad market in 2013, gaining nearly 4.50%. Shares of STI recently broke through $29 resistance level. However, the stock has trade sideways since breaking through the key technical level. Sign up and read the complimentary report on STI at http://www.StockCall.com/STI031513.pdf The Bank of Nova Scotia shares posted modest gains in Thursday's trading session. The stock closed 0.65% higher at $58.86, taking its gains for the year to nearly 1.70%. The bank's shares have traded sideways in the last three months. It has been struggling to break through $59.50 resistance level. It currently has support at around $58.50. The stock's MACD is currently below the signal line, which is a bearish signal. The free report on BNS can be downloaded by signing up now at http://www.StockCall.com/BNS031513.pdf About StockCall.com StockCall.com is a financial website where investors can have easy, precise and comprehensive research and opinions on stocks making the headlines. Sign up today to talk to our financial analyst at http://www.stockcall.com SOURCE StockCall.com Contact: Contact Person: William T. Knight, Email: email@example.com, Contact Number: +1(646)396-9857 (9:00 am EST – 01:30 pm EST)
StockCall Study on JPMorgan Chase, KeyCorp, SunTrust Banks, and Bank Of Nova Scotia
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