Market Updates on Regional Banks Stocks -- Research on TCF Financial, FirstMerit, East West Bancorp, and SunTrust Banks

LONDON, July 11, 2014 /PRNewswire/ --

On Thursday, July 10, 2014, the NASDAQ Composite ended at 4,396.20, down 0.52%, the Dow Jones Industrial Average finished the day 0.42% lower at 16,915.07, and the S&P 500 closed at 1,964.68, down 0.41%. The losses were broad based as eight out of ten sectors ended the session in negative. The S&P 500 Financials Sector Index ended the day at 305.31, down 0.62%, while the index has advanced 5.20% in the previous three months. Investor-Edge has initiated coverage on the following equities: TCF Financial Corp. (NYSE: TCB), FirstMerit Corp. (NASDAQ: FMER), East West Bancorp Inc. (NASDAQ: EWBC) and SunTrust Banks Inc. (NYSE: STI). Free technical research on TCB, FMER, EWBC and STI can be downloaded upon signing up at:

http://www.investor-edge.com/4761-register

TCF Financial Corp.'s stock finished the Thursday's session 0.91% lower at $16.33. A total of 0.94 million shares were traded, which was above its three months average volume of 0.87 million shares. The stock moved between $16.20 and $16.44 during the session. Although, TCF Financial Corp.'s shares have declined 1.33% in the last one month, it has gained 2.51% in the previous three months and 0.49% on YTD basis. The company's shares are trading above their 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $16.01 is greater than its 200-day moving average of $15.89. TCF Financial Corp.'s stock traded at a PE ratio of 17.55 and has a Relative Strength Index (RSI) of 53.73. Sign up today to read free research on TCB at:

http://www.investor-edge.com/4761-TCB-11Jul2014.pdf

On Thursday, shares in FirstMerit Corp. fluctuated between $18.97 and $19.31 before ending the session 1.19% lower at $19.16. FirstMerit Corp.'s stock reported a trading volume of 0.99 million shares, below its three months average volume of 1.14 million shares. Shares of the company traded at a PE ratio of 14.29. FirstMerit Corp.'s shares have declined 3.48% in the previous three trading sessions, 4.06% in the last one month and 13.81% on YTD basis. The stock is trading below its 50-day and 200-day moving averages of $19.39 and $21.05, respectively. Moreover, shares of the company have an RSI of 46.07. Sign up today to read free research on FMER at:

http://www.investor-edge.com/4761-FMER-11Jul2014.pdf

East West Bancorp Inc.'s stock edged 0.72% lower, to close the day at $35.75. The stock recorded a trading volume of 0.71 million shares, above its three months average volume of 0.62 million shares. The stock oscillated between $35.31 and $36.02 during the session. Over the previous three months and since the start of this year, East West Bancorp Inc.'s shares have advanced 4.26% and 2.23%, respectively. However, the stock has lost 0.03% in the last one month. The stock is trading above its 50-day and 200-day moving averages. Moreover, the stock's 50-day moving average of $34.59 is greater than its 200-day moving average of $34.56. Additionally, the stock traded at a PE ratio of 16.32 and has an RSI of 58.03. Sign up today to read free research on EWBC at:

http://www.investor-edge.com/4761-EWBC-11Jul2014.pdf

On Thursday, shares in SunTrust Banks Inc. recorded a trading volume of 3.28 million shares, higher than its three months average volume of 2.95 million shares. The stock ended the day at $39.65, which was 0.55% below its previous day's closing of $39.87, and registered an intraday range of $39.20 and $39.77. Shares of the company traded at a PE ratio of 15.80. Although SunTrust Banks Inc.'s shares have lost 1.54% in the previous three trading sessions, it has advanced 4.01% in the last three months and 7.72% on YTD basis. The company's stock is trading above its 50-day and 200-day moving averages of $39.13 and $37.27, respectively. Furthermore, shares of the company have an RSI of 50.19. Sign up today to read free research on STI at:

http://www.investor-edge.com/4761-STI-11Jul2014.pdf


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EDITOR'S NOTES:
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