Initiating Research Reports on Banking Equities -- Bank of America, PNC Financial Services, Bank of Montreal, and Canadian Imperial Bank of Commerce
NEW YORK, June 21, 2017 /PRNewswire/ --
If you want a stock review on BAC, PNC, BMO, or CM then come over to http://dailystocktracker.com/register/ and sign up for your free customized reports today. DailyStockTracker.com directs investors' attention to Bank of America Corp. (NYSE: BAC), The PNC Financial Services Group Inc. (NYSE: PNC), Bank of Montreal (NYSE: BMO), and Canadian Imperial Bank of Commerce (NYSE: CM). The Money Center Banks industry includes banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds. This morning's free research reports on the aforesaid equities are available upon registration on DailyStockTracker.com at: http://dailystocktracker.com/register/
Bank of America
Charlotte, North Carolina-based Bank of America Corp.'s stock finished Tuesday's session 1.76% lower at $23.49 with a total trading volume of 59.51 million shares. The Company's shares have advanced 1.91% in the past month, 2.04% over the previous three months, and 6.29% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 0.86% and 10.01%, respectively. Furthermore, shares of Bank of America, which through its subsidiaries, provides banking and financial products and services for individual consumers, small and middle-market businesses, institutional investors, large corporations, and governments worldwide, have a Relative Strength Index (RSI) of 54.19.
On May 30th, 2017, Bank of America has launched new capabilities for mobile clients to complete the auto financing process with the Company. Clients can now search for a car from participating dealerships - all on their mobile device or computer and before ever visiting a dealership. The program will begin with a pilot period in the Carolinas, and will expand across the US in a phased rollout that will continue throughout the year. Visit us today and access our complete research report on BAC at: http://dailystocktracker.com/registration/?symbol=BAC
PNC Financial Services
Shares in Pittsburgh, Pennsylvania headquartered The PNC Financial Services Group Inc. ended at $122.99, down 0.65% from the last trading session. The stock recorded a trading volume of 1.85 million shares. The Company's shares have gained 3.56% in the last one month, 3.61% in the previous three months, and 5.16% on an YTD basis. The stock is trading 2.12% above its 50-day moving average and 9.18% above its 200-day moving average. Moreover, shares of PNC Financial Services, which operates as a diversified financial services company in the US and internationally, have an RSI of 57.21.
On June 14th, 2017, the Company announced an increase in its prime lending rate. The new rate of 4.25% is effective on June 15th, 2017. The complimentary report on PNC can be downloaded at: http://dailystocktracker.com/registration/?symbol=PNC
Bank of Montreal
Montreal, Canada headquartered Bank of Montreal's stock ended yesterday's session 0.86% lower at $70.32 with a total trading volume of 280,599 shares. The Company's shares have advanced 1.47% in the past month. The stock is trading 0.03% below its 50-day moving average. Additionally, shares of Bank of Montreal, which provides diversified financial services primarily in North America, have an RSI of 54.63.
On May 25th, 2017, research firm RBC Capital Markets reiterated its 'Sector Perform' rating on the Company's stock with a decrease of the target price from $110 a share to $108 a share.
On June 19th, 2017, Bank of Montreal, operating as BMO Financial, announced that it is donating over $2 million to neighborhood programs throughout British Columbia in 2017 to mark its 200th year in business, including over $1.8 million in the Vancouver area. More than two-dozen community organizations in Vancouver have or will receive donations from the Company in 2017, including contributions to the Vancouver Public Library, the Royal Columbian Hospital Foundation, and the Penticton Regional Hospital, among many others. Register for free on DailyStockTracker.com and access the latest research report on BMO at: http://dailystocktracker.com/registration/?symbol=BMO
Canadian Imperial Bank of Commerce
On Tuesday, shares in Toronto, Canada headquartered Canadian Imperial Bank of Commerce ("CM") recorded a trading volume of 690,310 shares. The stock finished 0.97% lower at $80.02. The Company's shares have advanced 1.47% in the last one month. The stock is trading below its 50-day moving average by 0.47%. Furthermore, shares of the Company, which provides various financial products and services to individual, small business, commercial, corporate, and institutional clients in Canada and internationally, have an RSI of 52.58.
On June 09th, 2017, CM has earned the highest score for mobile banking functionality in Canada among the big, five banks reviewed in Forrester Research Inc.'s 2017 Canadian Mobile Banking Benchmark report. In this year's report, Forrester evaluated the mobile banking functionality and usability of the five largest retail banks in Canada across 54 criteria and CM received the top combined score for both, while also earning best usability score worldwide in the global benchmark. The complimentary report on CM can be downloaded at: http://dailystocktracker.com/registration/?symbol=CM
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