Pre-Market Analysis on JPMorgan, KeyCorp, SunTrust Banks, and First Republic Bank PR Newswire LONDON, April 16, 2013 LONDON, April 16, 2013 /PRNewswire/ -- JP Morgan Chase & Co. (NYSE: JPM) kicked off the earnings season for banks last Friday. Although the banking giant reported record earnings for the quarter, its revenue growth for the quarter slowed. Slowing revenue growth is a concern for the banking industry. On Monday, First Republic Bank (NYSE: FRC) also reported its quarterly results. Investors are now eyeing quarterly results from KeyCorp (NYSE: KEY) and SunTrust Banks Inc. (NYSE: STI), which are scheduled to be released this week. Bank's stocks ended mostly lower on Monday, tracking losses in the broad market, which tumbled on weak U.S. and Chinese economic data. StockCall has posted free technical research on JPM, KEY, STI, and FRC which can be downloaded upon sign up at http://www.stockcall.com/signup JP Morgan Chase & Co.'s shares fell sharply on Monday. The stock touched an intra-day low of $47.90 before finishing the day 2.20% lower at $47.93 on above average volume of 31.53 million. Despite the sharp pullback, the bank's shares are currently trading close to their 52-week high of $51. The stock has had an excellent run so far in 2013, gaining more than 10.40%, compared to a gain of over 8.80% for the S&P 500. Shares of JPM have slipped below their 50-day moving average as a result of Monday's sell-off. This is a bearish signal. Sign up and read the complimentary report on JPM at http://www.StockCall.com/JPM041613.pdf Shares of KeyCorp tumbled on Monday, extending their losses from last week. The stock closed 2.95% lower at $9.55 on above average volume of 12.56 million, taking its losses in the last three trading sessions to nearly 4.80%. Shares of KEY touched an intra-day low of $9.55 on Monday. The stock is currently trading nearly 7% below its 52-week high. Year-to-date, KeyCorp's shares have gained nearly 14%, outperforming the broad market. The stock's MACD chart, however, suggests that market sentiment has turned bearish. The stock has also slipped below its 50-day moving average, which further confirms the negative trend. The free report on KEY can be downloaded by signing up now at http://www.StockCall.com/KEY041613.pdf Shares of SunTrust Banks Inc. were among the major losers in the banking sector on Monday. The stock ended the day 3.20% lower at $27.87 on volume of 3.68 million after touching an intra-day low of $27.87. The bank's shares have also slipped below their 50-day moving average following yesterday's sell-off. The stock's MACD has also crossed below the signal line and the zero-line, which is a bearish signal. For the year, shares of STI are now down more than 1.50%. Free report on STI can be accessed by registering at http://www.StockCall.com/STI041613.pdf Another major loser on Monday was First Republic Bank. Shares of the San Francisco, California-based bank fell 4.45% to finish the day $38.22 on above average volume of 1.75 million. Despite the sharp decline yesterday, the bank's shares are still trading close to their 52-week high of $40.31. The stock is still up more than 16% for the year. Shares of FRC are also trading above their 50-day and 200-day moving averages. The stock currently has support at around $38. Register with StockCall and download the research on FRC for free at http://www.StockCall.com/FRC041613.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: firstname.lastname@example.org , Contact Number: +1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)
Pre-Market Analysis on JPMorgan, KeyCorp, SunTrust Banks, and First Republic Bank
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