Before the Bell Scans of Banco Santander-Chile, Banco Bradesco, National Bank of Greece, UBS AG, and HDFC Bank
LONDON, April 2, 2013 /PRNewswire/ --
The global banking sector has been adapting to the new regulatory environment post the financial crisis of 2009. Earlier this year, though, the banking sector received some relief after regulators delayed the implementation of new liquidity rules by another four years. The delay has given banks such as Banco Santander S.A. (NYSE: SAN), Banco Bradesco SA (NYSE: BBD), National Bank of Greece (NYSE: NBG), UBS AG (NYSE: UBS), and HDFC Bank Limited (NYSE: HDB) additional time to strengthen their balance sheets. On Monday, banks' stocks struggled as the broad market slipped on the back of some disappointing economic data. StockCall has taken an interest in these companies and you can now sign up to download the free technical research on SAN, BBD, NBG, UBS, and HDB at
http://www.stockcall.com/registration
Banco Santander S.A.'s shares edged lower in trading on Monday. Shares of the Spain-based bank fell to an intra-day low of $6.89 before finishing the day 0.29% lower at $6.79 on above average volume of 10 million. The bank's shares have seen a series of lows over the past few weeks which indicate that market sentiment is bearish on the stock. This is confirmed by the stock's MACD chart. Year-to-date, Banco Santander's shares have fallen nearly 15%. Sign up today to read the free research report on SAN at
http://www.StockCall.com/SAN040213.pdf
Banco Bradesco SA's shares struggled in yesterday's trading session. The stock fell to an intra-day low of $16.82 before finishing the day 1% lower at $16.85 on volume of 6.09 million. Despite the pullback, the bank's shares have gained nearly 3.40% in the last three sessions. Year-to-date, the stock has gained more than 7%. Banco Bradesco's shares currently face stiff resistance at around $17. The stock is currently trading above its 50-day and 200-day moving averages. Register to download the free technical analysis on BBD at
http://www.StockCall.com/BBD040213.pdf
Shares of National Bank of Greece rose sharply in trading on Monday even as the broad market fell. The stock rose to an intra-day high of $0.92 before finishing the day 1.84% higher at $0.910 on volume of 1.29 million. The money center bank's shares have fallen nearly 50%. The stock is currently trading 72% below its 52-week high. Shares of NBG have seen a series of lows since the start of this year. Free report on NBG can be accessed by registering at
http://www.StockCall.com/NBG040213.pdf
UBS AG shares fell sharply in Monday's trading session. The stock ended the day 1.10% lower at $15.22 on volume of 1.58 million, extending its losses to over 2.30% in the last three sessions. UBS' shares currently have support at around $15. The stock's MACD has just crossed below the signal line, which is a bearish signal. The stock is also trading below its 50-day moving average, which further confirms this downbeat trend. Register with StockCall and download the research on UBS for free at
http://www.StockCall.com/UBS040213.pdf
Shares of India-based HDFC Bank Limited edged lower yesterday; however, the losses were limited. The stock closed 0.67% lower at $37.17 on volume of 292,527 after touching an intra-day low of $37.07 on Monday. Despite the pullback, the stock is still up more than 1.10% in the last three trading sessions. Year-to-date, HDFC Bank's shares are down more than 8.70%, underperforming the broad market. The stock is currently trading 13.60% below its 52-week high. Read the full free research on HDB by signing up to StockCall at
http://www.StockCall.com/HDB040213.pdf
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