Morning Research on JPM, KEY, STI, MTU, and FRC


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NYSE:JPM / NYSE:KEY / NYSE:STI / NYSE:MTU
05/20/2013 [ACCESSWIRE]  

StockCall.com Provides Stock Research on JPMorgan Chase & Co., KeyCorp, SunTrust Banks Inc., Mitsubishi UFJ Financial Group Inc., and First Republic Bank

 

New York City, New York -- (May 20, 2013)

The Federal Reserve has kept interest rates at record low levels for nearly four years now. While record low interest rates have boosted lending activity, banks have been facing significant margin pressure. Meanwhile, U.S. banks have been also focusing on strengthening their balance sheets. Several banks have offloaded non-core assets, which has helped in boosting capital ratios. Bank’s stocks edged higher in trading on Friday, tracking gains in the broad market. Among the major movers were JP Morgan Chase & Co. Inc. (NYSE: JPM), KeyCorp (NYSE: KEY), SunTrust Banks Inc. (NYSE: STI), Mitsubishi UFJ Financial Group Inc. (NYSE: MTU), and First Republic Bank (NYSE: FRC). StockCall has posted free technical research reports on JPM, KEY, STI, MTU, and FRC and these can be accessed by signing up at

www.stockcall.com/analysis

Shares of JP Morgan Chase & Co. rose sharply in Friday’s trading session, touching a 52-week high of $52.33. The stock ended the day 2.61% higher at $52.30 on above average volume of 26.08 million. The company’s shares have gained more than 4.60% in the last trading sessions. The stock has seen a series of highs over the past week which is a bullish signal. The positive trend is further confirmed by the stock’s MACD chart. Download the free report on JPM upon registration at

www.StockCall.com/JPM052013.pdf

Another bank’s stock that touched a 52-week high on Friday was KeyCorp. Shares of the Cleveland, Ohio-based bank rose to a 52-week high of $10.85 before finishing the day 2.18% higher at $10.80 on volume of 9.69 million. KeyCorp’s shares have seen a series of highs over the past one month which is a bullish signal. Year-to-date, the stock has gained nearly 29% as compared to a growth of more than 16.90% for the S&P 500. KEY technical report can be accessed for free by signing up at

www.StockCall.com/KEY052013.pdf

Shares of SunTrust Banks Inc. rose sharply on Friday, extending their gains from previous trading sessions. The stock rose to a 52-week high of $31.91 before finishing the day 1.95% higher at $31.88 on volume of 4.29 million. The bank’s shares have gained more than 3.30% in the last three sessions. The stock is currently trading well above its 50-day and 200-day moving averages which is a bullish signal. The upbeat trend is further confirmed by recent volume activity. The free report on STI can be downloaded by signing up now at

www.StockCall.com/STI052013.pdf

Another major gainer in the financial sector on Friday was Mitsubishi UFJ Financial Group Inc. Shares of the Japan-based bank traded between $6.83 and $6.94 before finishing the day 1.17% higher at $6.90 on above average volume of 5.22 million. Despite the sharp rise at the end of last week, the company’s shares have fallen nearly 3.10% in the last three trading sessions. Year-to-date, however, the stock is still up more than 27.30%, outperforming the broad market. Free report on MTU can be accessed by registering at

www.StockCall.com/MTU052013.pdf

Shares of First Republic Bank edged lower on Friday; however, the losses were limited. The stock closed 0.18% lower at $39.74 on above average volume of 3.78 million after trading between $39.65 and $40.02. Despite the pullback on Friday, First Republic’s shares are currently trading close to their 52-week high of $40.31. The stock has gained 21.60% so far in 2013, outperforming the S&P 500.Register withStockCall and download the research on FRC for free at

www.StockCall.com/FRC052013.pdf

 

 

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