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Pre-Market Review: Bank of America, Citigroup, PNC Financial, and TCF Financial

    Pre-Market Review: Bank of America, Citigroup, PNC Financial, and TCF
                                  Financial

Editor Note: For more information about this release, please scroll to bottom.

PR Newswire

LONDON, July 16, 2013

LONDON, July 16, 2013 /PRNewswire/ --

Some of the major U.S. banks have reported their quarterly results in the last
few days. Second quarter results at these banks were strong as consumers
capitalized on record low interest rates by refinancing their mortgages and
buying new homes. However, mortgage lending is not expected to provide the
same support for banks going forward as the Federal Reserve considers easing
its bond purchase program. On Monday, July 15, 2013, shares in money center
banks ended mostly higher, tracking gains in the broader market. The major
movers in the sector included Bank of America Corp. (NYSE: BAC), Citigroup
Inc. (NYSE: C), PNC Financial Services (NYSE: PNC), and TCF Financial
Corporation (NYSE: TCB). AAAResearchReports.com initiated preliminary
technical research on BAC, C, PNC, and TCB. These free reports are accessible
by signing today at:

http://www.aaaresearchreports.com/register/ 

Shares in Bank of America Corp. edged higher on Monday, tracking gains in the
broader market. The bank's shares oscillated between $13.76 and $13.94 before
finishing the day 0.73% higher at $13.88. A total of 90.77 million shares were
traded which is below the daily average volume of 119.08 million. Bank of
America's shares have gained 3.81% in the last three trading sessions, and
15.86% in the last three months. With the recent gains, the stock has edged up
closer to its 52-week high of $13.99. The free technical analysis on BAC is
available by signing up at:

http://www.AAAResearchReports.com/BAC071613.pdf

Citigroup Inc.'s stock rose sharply on Monday, extending its gains from
previous trading sessions. The bank's shares oscillated between $51.01 and
$52.16 before closing the session 1.97% higher at $51.81. A total of 57.33
million shares were traded which is above the daily average volume of 33.06
million. The bank's shares have gained 4.39% in the last three trading
sessions and 15.47% in the last three months, thus outperforming the S&P 500
which has gained 1.81% and 8.38% in the respective periods. Register now to
download free research on C at:

http://www.AAAResearchReports.com/C071613.pdf

Shares in PNC Financial Services ended slightly higher on Monday, ending the
session at $75.06, up 0.20% from its previous closing price. The bank's shares
oscillated between $74.79 and $75.48. A total of 2.27 million shares were
traded which is below the daily average volume of 2.65 million. The bank's
shares are currently trading near their 52-week high of $76.79, and also above
their 50-day and 200-day moving averages. A free report on PNC can be accessed
by registering at:

http://www.AAAResearchReports.com/PNC071613.pdf

TCF Financial Corp.'s stock rose sharply on Monday, hitting a 52-week high of
$15.75 before closing the day at $15.73, up 2.88%. A total of 1.59 million
shares were traded which is above the daily average volume of 1.09 million.
The stock has gained 4.17% in the last three trading sessions and 7.67% in the
last three months. Moreover, the stock is trading above its 50-day and 200-day
moving averages. Register with AAA Research Reports and download research on
TCB for free at:

http://www.AAAResearchReports.com/TCB071613.pdf

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SOURCE AAA Research Reports

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