This Morning's Technical Outlook on Banking Stocks -- Banco Santander, Lloyds Banking, Royal Bank of Scotland, and UBS Group
NEW YORK, Feb. 22, 2018 /PRNewswire/ --
WallStEquities.com strives to bring the best free research to the investment community. Today we are offering reports on SAN, LYG, RBS, and UBS which can be accessed for free by signing up to www.wallstequities.com/registration. In today's pre-market research, WallStEquities.com concentrates on the following stocks: Banco Santander S.A. (NYSE: SAN), Lloyds Banking Group PLC (NYSE: LYG), The Royal Bank of Scotland Group PLC (NYSE: RBS), and UBS Group AG (NYSE: UBS). These banks operate in the Foreign Money Center Banks industry, which offers financial services in foreign countries. All you have to do is sign up today for this free limited time offer by clicking the link below. www.wallstequities.com/registration
Banco Santander
Madrid, Spain headquartered Banco Santander S.A.'s shares declined 1.00%, closing Wednesday's trading session at $6.92. The stock recorded a trading volume of 9.72 million shares, which was above its three months average volume of 4.98 million shares. Shares of the Company have advanced 7.29% over the previous three months and 29.49% over the past year. The stock is trading 0.07% above its 50-day moving average and 4.06% above its 200-day moving average. Additionally, shares of Banco Santander, which together with its subsidiaries, provides various retail and commercial banking products and services for individual and corporate clients worldwide, have a Relative Strength Index (RSI) of 46.32.
On January 25th, 2018, Santander Bank, N.A., a wholly owned subsidiary of Banco Santander, announced that the Company will increase its minimum hourly wage to $15. At more than double the current federal minimum wage, this rate change will translate to wage increases for more than 1,500 full and part-time colleagues - the majority of whom work in the Bank's branches and call centers throughout its Northeastern US footprint. The change will take effect on March 17th, 2018. Get the full research report on SAN for free by clicking below at: www.wallstequities.com/registration/?symbol=SAN
Lloyds Banking Group
On Wednesday, shares in London, the United Kingdom headquartered Lloyds Banking Group PLC recorded a trading volume of 15.79 million shares, which was above their three months average volume of 4.73 million shares. The stock rose 2.33%, ending the day at $3.95. The Company's shares have advanced 10.96% in the previous three months and 17.44% over the past year. The stock is trading above its 50-day and 200-day moving averages by 3.05% and 8.85%, respectively. Furthermore, shares of Lloyds Banking, which provides banking and financial services under the Lloyds Bank, Halifax, Bank of Scotland, and Scottish Widows brands to individual and business customers in the UK and internationally, have an RSI of 56.62.
On February 14th, 2018, research firm Davy Research downgraded the Company's stock rating from 'Outperform' to 'Neutral'. LYG's complimentary research coverage is a few simple steps away at: www.wallstequities.com/registration/?symbol=LYG
Royal Bank of Scotland Group
Edinburgh, the UK headquartered The Royal Bank of Scotland Group PLC's stock finished the day 0.26% higher at $7.84. A total volume of 907,489 shares was traded, which was above their three months average volume of 832,040 shares. Shares of the Company have advanced 6.67% in the previous three months and 24.64% over the past year. The stock is trading above its 200-day moving average by 9.43%. Additionally, shares of the Company, which together with its subsidiaries, provides banking and financial products and services to personal, commercial, corporate, and institutional customers worldwide, have an RSI of 43.47.
On February 06th, 2018, research firm Bank of America/ Merrill upgraded the Company's stock rating from 'Underperform' to 'Neutral'. Register for your free research report on RBS at: www.wallstequities.com/registration/?symbol=RBS
UBS Group
Shares in Zurich, Switzerland headquartered UBS Group AG ended yesterday's session 0.31% higher at $19.24. The stock recorded a trading volume of 2.18 million shares. The Company's shares have advanced 12.19% over the previous three months and 21.46% over the past year. The stock is trading 1.03% and 10.27% above its 50-day and 200-day moving averages, respectively. Moreover, shares of UBS Group, which together with its subsidiaries, provides financial advice and solutions clients worldwide, have an RSI of 49.38.
On January 23rd, 2018, research firm UBS reiterated its 'Buy' rating on the Company's stock with an increase of the target price from $250 a share to $290 a share.
On February 07th, 2018, UBS Investment Bank, a division of UBS Group AG, announced coupon payments for ten ETRACS Exchange Traded Notes, all traded on the NYSE Arca: DVYL, SDYL, MORL, DVHL, CEFL, LMLP, HDLV, SMHD, LRET, and MRRL. Wall St. Equities' downloadable research report on UBS available at: www.wallstequities.com/registration/?symbol=UBS
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