Banking Equities Analysis -- Research on Mitsubishi UFJ Financial, FirstMerit, TCF Financial, and Toronto-Dominion

LONDON, March 24, 2014 /PRNewswire/ --

On Friday, March 21, 2014, the NASDAQ Composite finished at 4,276.79, down 0.98%. The Dow Jones Industrial Average closed the session at 16,302.77, down 0.17% and the S&P 500 ended the day at 1,866.52, lower by 0.29%. Four out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index finished the day at 302.29, up 0.01%, and the same has gained 3.83% in the last one month.  Investor-Edge has initiated coverage on the following equities: Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), FirstMerit Corp. (NASDAQ: FMER), TCF Financial Corp. (NYSE: TCB), and The Toronto-Dominion Bank (NYSE: TD). Free technical research on MTU, FMER, TCB, and TD can be downloaded upon signing up at:

http://www.investor-edge.com/436-register


Shares in Mitsubishi UFJ Financial Group Inc. recorded a trading volume of 1.88 million shares on Friday, as compared with a three month average volume of 1.87 million shares. The stock ended the day at $5.39, down 0.37%, after trading between $5.39 and $5.46.The company's shares have fallen by 2.88% in the previous three trading sessions, and 19.31% on YTD basis. The stock is trading below its 50-day and 200-day moving averages. Mitsubishi UFJ Financial Group Inc.'s 200-day moving average of $6.26 is above the 50-day moving average of $5.99. Furthermore, shares of the company are trading at a Relative Strength Index (RSI) of 29.67. Sign up today to read free research on MTU at:

http://www.investor-edge.com/436-MTU-24Mar2014.pdf


On Friday, FirstMerit Corp.'s stock edged 0.83% lower, to close the day at $21.62. A total of 2.15 million shares were traded, which is below the three months average volume of 1.27 million. The company's shares oscillated between $21.57 and $22.08 during the trading session. Shares of the company traded at a PE ratio of 15.93. FirstMerit Corp.'s shares have gained 0.93% in the previous three trading sessions, 8.10% in the last one month, while the same has declined 2.74% on YTD basis. The stock is trading above its 50-day moving average. FirstMerit Corp.'s 200-day moving average of $21.62 is above the 50-day moving average of $21.14. Further, the stock is trading at an RSI of 57.83. Sign up today to read free research on FMER at:

http://www.investor-edge.com/436-FMER-24Mar2014.pdf


TCF Financial Corp.'s stock advanced 1.31% on Friday, finishing the session at $16.99. The stock recorded a trading volume of 2.89 million shares as compared to a three months average volume of 1.09 million shares. The stock fluctuated between $16.74 and $17.39 during the session. Shares of the company traded at a PE ratio of 19.98. TCF Financial Corp.'s shares have gained 3.85% in the previous three trading sessions, 8.49% in the last one month, and 4.55% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. TCF Financial Corp.'s 50-day moving average of $16.27 is above the 200-day moving average of $15.39. Moreover, the stock is trading at an RSI of 69.10. Sign up today to read free research on TCB at:

http://www.investor-edge.com/436-TCB-24Mar2014.pdf


Shares in The Toronto-Dominion Bank witnessed a trading volume of 0.76 million shares, as compared with a three month average volume of 0.80 million shares. The stock ended the day at $46.03, down 0.13% after vacillating between $45.85 and $46.31 during the session. Shares of the company traded at a PE ratio of 13.68. Shares in The Toronto-Dominion Bank have gained 3.11% in the last one month, while the stock has fallen by 0.86% in the previous three trading sessions and 2.31% on YTD basis. The stock is trading above its 50-day and 200-day moving averages. The Toronto-Dominion Bank's 50-day moving average of $44.82 is above the 200-day moving average of $43.90. Additionally, the company's shares are trading at an RSI of 56.64. Sign up today to read free research on TD at:

http://www.investor-edge.com/436-TD-24Mar2014.pdf


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EDITOR'S NOTES:
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