Money Center Banks Equities Update -- Bank of America, Citigroup, FirstMerit, Mitsubishi UFJ Financial Group, and TCF Financial
NEW YORK, September 28, 2015 /PRNewswire/ --
Equity Research Institute has initiated coverage on the following equities: Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), FirstMerit Corporation (NASDAQ: FMER), Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), and TCF Financial Corporation (NYSE: TCB). Free research report on Bank of America can be accessed at https://www.erionline.net/BAC.pdf On Friday, September 25, 2015, the NASDAQ Composite ended at 4,686.50, down 1.01%, the Dow Jones Industrial Average advanced 0.70%, to finish the day at 16,314.67, and the S&P 500 closed at 1,931.34, down 0.05%. The losses were broad based as six out of nine sectors ended the session in negative. Register for your complimentary reports at the links given below.
On Friday, shares in Bank of America Corp. recorded a trading volume of 88.38 million shares, close to their three months average volume of 88.36 million shares. The stock ended the day 2.19% higher at $15.89. Shares of the company traded at a PE ratio of 16.90. Bank of America Corp.'s stock has lost 0.74% in the last one month, 8.44% in the previous three months and 10.35% on YTD basis. The company is trading below its 50-day and 200-day moving averages by 5.81% and 3.56%, respectively. Furthermore, shares of Bank of America Corp. have a Relative Strength Index (RSI) of 45.28. Sign up and read the free notes on BAC at:
https://www.erionline.net/BAC.pdf
Citigroup Inc.'s stock gained 2.89%, to close Friday's session at $50.55. The stock recorded a trading volume of 22.34 million shares, above its three months average volume of 19.48 million shares. Over the last one month and the previous three months, Citigroup Inc.'s shares have lost 3.31% and 10.20%, respectively. Additionally, the stock has declined 6.39% since the start of this year. The company is trading 8.01% and 5.36% below its 50-day and 200-day moving averages, respectively. Furthermore, Citigroup Inc.'s stock traded at a PE ratio of 12.73 and has an RSI of 41.77. The complimentary notes on C can be downloaded in PDF format at:
https://www.erionline.net/C.pdf
FirstMerit Corp.'s stock finished Friday's session 0.34% higher at $17.88. A total of 1.17 million shares were traded, which was below its three months average volume of 1.31 million shares. Over the previous three months and since the start of this year, FirstMerit Corp.'s shares have declined 15.83% and 2.80%, respectively. However, the stock has gained 2.52% in the last one month. The company's shares are trading below their 50-day and 200-day moving averages by 2.75% and 4.01%, respectively. FirstMerit Corp.'s stock traded at a PE ratio of 12.86 and has an RSI of 51.49. Register for free on Equity Research Institute and access the latest research on FMER at:
https://www.erionline.net/FMER.pdf
On Friday, shares in Mitsubishi UFJ Financial Group Inc. ended the session 4.19% higher at $6.22. The stock reported a trading volume of 1.36 million shares, above its three months average volume of 1.22 million shares. Shares of the company traded at a PE ratio of 5.87. Mitsubishi UFJ Financial Group Inc.'s shares have declined 4.60% in the last one month and 16.62% in the previous three months. However, the stock has advanced 12.48% on YTD basis. The company is trading 7.81% below its 50-day moving average and 4.96% below its 200-day moving average. Moreover, shares of Mitsubishi UFJ Financial Group Inc. have an RSI of 44.30. The complete research on MTU is available for free at:
https://www.erionline.net/MTU.pdf
TCF Financial Corp.'s stock edged 0.26% higher, to close the day at $15.25. The stock recorded a trading volume of 0.96 million shares, below its three months average volume of 1.09 million shares. Over the previous three months and since the start of this year, TCF Financial Corp.'s shares have declined 10.55% and 3.12%, respectively. However, the stock has advanced 2.35% in the last one month. The company's shares are trading 2.92% below their 200-day moving average. Additionally, the stock traded at a PE ratio of 16.94 and has an RSI of 46.88. Free in-depth research on TCB is available at:
https://www.erionline.net/TCB.pdf
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