Today's Research: Bank of America Corp., Citigroup Inc., TCF Financial Corp.,
and The PNC Financial Services Group Inc.
Editor Note: For more information about this release, please scroll to bottom.
LONDON, August 19, 2013
LONDON, August 19, 2013 /PRNewswire/ --
The US equity market edged lower on Friday, August 16, 2013. The S&P 500 fell
0.33%, closing at 1,655.83, and the Dow Jones Industrial Average fell 0.20%,
closing at 15,081.47. Shares in money center banks closed on a mixed note on
Friday. The major movers included Bank of America Corporation (NYSE: BAC),
Citigroup Inc. (NYSE: C), TCF Financial Corporation (NYSE: TCB), and The PNC
Financial Services Group Inc. (NYSE: PNC). AAAResearchReports.com has
completed its technical analysis on BAC, C, TCB, and PNC and these free
reports are accessible by registering at:
Bank of America Corporation's stock edged higher on Friday, even as the
broader market declined. The company's shares fluctuated between $14.21 and
$14.47 before ending the day at $14.42, up 0.70%. A total of 104.96 million
shares were traded, which is below the daily average volume of 116.13 million.
Bank of America Corporation's shares have gained 7.37% in the last three
months, compared to a loss of 0.70% in the S&P 500 during the same period.
Furthermore, the stock is currently trading above its 50-day and 200-day
moving averages. Sign up for free technical research on BAC at:
Shares in Citigroup Inc. fell sharply on Friday, extending their losses from
previous trading sessions. The company's shares closed the day 1.00% lower at
$50.35 after oscillating between $50.22 and $51.08. A total of 23.50 million
shares were traded, which is below the daily average volume of 28.70 million.
The company's shares have lost 2.14% in the last three months, underperforming
the S&P 500 which has fallen 0.70% during the same period. However, Citigroup
Inc.'s stock continues to trade above its 200-day moving average. Be sure to
read our latest technical research on C by registering at:
Shares in TCF Financial Corporation moved higher on Friday, reversing some of
their recent losses. After oscillating between $14.34 and $14.63, the stock
ended at $14.46, up 0.42% from its previous closing price. A total of 0.80
million shares were traded, which is below the daily average volume of 1.43
million. The company's shares have fallen 1.23% in the previous three trading
sessions, outperforming the S&P 500 which has fallen 2.26% during the same
period. Additionally, the company's shares are trading above their 200-day
moving average. Sign up and read the complimentary report on TCB at:
Shares in The PNC Financial Services Group Inc. finished nearly flat on Friday
after falling sharply in the previous trading session. The company's shares
closed the day at $74.91, down 0.01% after oscillating between $74.46 and
$75.39. A total of 2.27 million shares were traded, which is below the daily
average volume of 2.52 million. The company's shares have gained 4.75% in the
last three months, compared to a decline of 0.70% in the S&P 500 during the
same period. Further, the company's stock is currently trading above its
50-day and 200-day moving averages. The free report on PNC can be downloaded
by signing up now at:
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