Technical Snapshots for These Banking Stocks -- Royal Bank of Canada, SunTrust Banks, Sterling, and Wells Fargo
NEW YORK, November 1, 2017 /PRNewswire/ --
If you want a Stock Review on RY, STI, STL, or WFC then come over to http://dailystocktracker.com/register/ and sign up for your free customized report. Research reports have been issued by DailyStockTracker.com on Royal Bank of Canada (NYSE: RY), SunTrust Banks Inc. (NYSE: STI), Sterling Bancorp (NYSE: STL), and Wells Fargo & Co. (NYSE: WFC). These stocks belong to the Money Center Banks industry, which includes banks that are located in a financial center, such as New York or San Francisco, that deals in national and international financial markets. Access DailyStockTracker.com's complimentary reports for today's stocks line-up at: http://dailystocktracker.com/register/
Royal Bank of Canada
Shares in Toronto, Canada headquartered Royal Bank of Canada saw a slight decline of 0.74%, ending Tuesday's trading session at $78.15. The stock recorded a trading volume of 832,548 shares. The Company's shares have gained 0.73% in the last one month, 4.35% over the last three months, and 15.42% on an YTD basis. The stock is trading 1.82% and 6.77% above its 50-day and 200-day moving averages, respectively. Moreover, shares of the Company have a Relative Strength Index (RSI) of 48.29.
On October 24th, 2017, research firm Macquarie initiated an 'Underperform' rating on the Company's stock.
On October 30th, 2017, Royal Bank of Canada (RBC) announced the completion of its share repurchase program (the "Program"), as required by the conditions of the issuer bid exemption order issued to RBC by the Ontario Securities Commission on October 11th, 2017, in respect of the Program. RBC purchased a total of 5,000,000 common shares under the Program for an aggregate purchase price of $462.8 million. All common shares acquired under the Program were cancelled upon purchase by RBC. Visit us today and access your complete report on RY for free at: http://dailystocktracker.com/registration/?symbol=RY
SunTrust Banks
Atlanta, Georgia headquartered SunTrust Banks Inc.'s stock declined 0.23%, closing the day at $60.21 with a total trading volume of 2.78 million shares. The Company's shares have advanced 0.64% in the past month, 4.46% in the previous three months, and 9.77% since the start of this year. The stock is trading 4.56% and 5.89% above its 50-day and 200-day moving averages, respectively. Additionally, shares of SunTrust Banks, which operates as the holding company for SunTrust Bank that provides various financial services for consumers, businesses, corporations, and institutions in the US, have an RSI of 57.61.
On October 23rd, 2017, research firm Sandler O'Neill downgraded the Company's stock rating from 'Buy' to 'Hold'.
On October 23rd, 2017, SunTrust Banks announced that it is scheduled to make a presentation at the BancAnalysts Association of Boston Conference on November 02nd, 2017, at 3:50 p.m. ET in Boston. Mark Chancy, Vice Chairman & Consumer Segment Executive, will be presenting. The complimentary research report on STI can be accessed at: http://dailystocktracker.com/registration/?symbol=STI
Sterling Bancorp
On Tuesday, shares in Montebello, New York-based Sterling Bancorp recorded a trading volume of 1.45 million shares. The stock ended the day 0.80% higher at $25.05. The Company's shares have advanced 0.80% in the past month, 8.68% in the previous three months, and 7.05% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 6.35% and 7.13%, respectively. Furthermore, shares of Sterling Bancorp, which operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the US, have an RSI of 58.07.
On October 03rd, 2017, research firm RBC Capital Markets reiterated its 'Outperform' rating on the Company's stock with a decrease of the target price from $30 a share to $29 a share.
On October 27th, 2017, Sterling Bancorp announced that Lisa Congemi-Doutney has joined the Bank as Vice President and Managing Director in its Melville, Long Island office. Congemi-Doutney will be reporting to Dan Liberty, Senior Vice President and Senior Managing Director. She will be responsible for developing client relationships and supporting the Bank's growth initiatives in the Long Island market. Register for free on DailyStockTracker.com and download the research report on STL at: http://dailystocktracker.com/registration/?symbol=STL
Wells Fargo
San Francisco, California headquartered Wells Fargo & Co.'s stock rose 0.52%, finishing yesterday's session at $56.14 with a total trading volume of 14.51 million shares. The Company's shares have advanced 1.21% in the last one month, 4.70% in the previous three months, and 1.87% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.28% and 3.01%, respectively. Additionally, shares of Wells Fargo, which provides retail, commercial, and corporate banking services to individuals, businesses, and institutions, have an RSI of 66.15.
On October 24th, 2017, Wells Fargo's Board of Directors approved a quarterly common stock dividend of $0.39 per share, payable on December 01st, 2017, to stockholders of record on November 03rd, 2017. The Bank has approximately 4.9 billion shares outstanding. Get free access to your research report on WFC at:
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