Banking Stocks Under Scanner -- ICICI Bank, SunTrust Banks, PNC Financial Services, and Comerica

NEW YORK, February 8, 2017 /PRNewswire/ --

Four Money Center Banks stocks have been lined up by Stock-Callers.com today, and they are: ICICI Bank Ltd (NYSE: IBN), SunTrust Banks Inc. (NYSE: STI), The PNC Financial Services Group Inc. (NYSE: PNC), and Comerica Inc. (NYSE: CMA). These are companies that belong to the Financials sector, which continued to erode during afternoon trading on Tuesday, February 07^th, 2017, giving back small gains from much earlier in the day. As per a NASDAQ report, the NYSE Financials Sector Index was dropping about 0.2% at last look, while Financials companies in the S&P 500 Index also were down by about 0.2%. You can access our complimentary research reports on these stocks now at:

http://stock-callers.com/registration

ICICI Bank  

Shares in Mumbai, India-based ICICI Bank Ltd saw a slight drop of 0.93%, ending Tuesday's trading session at $8.56. The stock recorded a trading volume of 5.12 million shares. The Company's shares have gained 13.53% in the last one month, 5.81% over the previous three months, and 14.29% on an YTD basis. The stock is trading 10.51% and 13.04% above its 50-day and 200-day moving averages, respectively. Moreover, shares of ICICI Bank, which together with its subsidiaries, provides banking and financial services in India and internationally, have a Relative Strength Index (RSI) of 66.41. Visit us today and download your complete report on IBN for free at:

http://stock-callers.com/registration/?symbol=IBN

SunTrust Banks  

Atlanta, Georgia headquartered SunTrust Banks Inc.'s stock declined 0.55%, closing the day at $57.40 with a total trading volume of 2.26 million shares. The Company's shares have advanced 3.37% in the last month, 28.56% in the previous three months, and 4.65% since the start of this year. The stock is trading 4.10% above its 50-day moving average and 24.39% above its 200-day moving average. 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 57.18.

On January 20^th, 2017, SunTrust Banks reported net income available to common shareholders of $448 million, or $0.90 per average common diluted share, for Q4 2016 compared to $0.91 for Q4 2015. For full year 2016, earnings per share increased 1% to $3.60 from $3.58 in full year 2015. The Bank's total revenue was $2.2 billion for Q4 2016, a decrease of $39 million compared to Q3 2016.

On January 23^rd, 2017, research firm Sandler O'Neill upgraded the Company's stock rating from 'Hold' to 'Buy'. The complimentary research report on STI can be accessed at:

http://stock-callers.com/registration/?symbol=STI

PNC Financial Services  

On Tuesday, shares in Pittsburgh, Pennsylvania headquartered The PNC Financial Services Group Inc. recorded a trading volume of 2.68 million shares. The stock ended the day 0.77% lower at $121.47. The Company's shares have advanced 2.50% in the past month, 28.92% in the previous three months, and 4.33% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 4.51% and 28.11%, respectively. Furthermore, shares of PNC Financial Services Group, which operates as a diversified financial services company in the US and internationally, have an RSI of 58.96.

On January 17^th, 2017, research firm Macquarie upgraded the Company's stock rating from 'Neutral' to 'Outperform'.

On February 03^rd, 2017, PNC Financial Services announced that it has submitted a redemption notice to the property trustee for redemption on March 15^th, 2017, of all of the Fixed-to-Floating rate non-cumulative exchangeable perpetual trust securities of PNC Preferred Funding Trust I and of all of the Fixed-to-Floating rate non-cumulative exchangeable perpetual trust securities of PNC preferred funding trust II (REIT Preferred Securities), at a redemption price equal to $100,000 per REIT Preferred Security, with an aggregate liquidation amount of $1,000,000,000 in REIT Preferred Securities outstanding. The previously declared regular first quarter distribution on the REIT Preferred Securities is payable on March 15^th, 2017, to holders of record on March 01^st, 2017. Register for free on Stock-Callers.com and download the PDF research report on PNC at:

http://stock-callers.com/registration/?symbol=PNC

Comerica  

Dallas, Texas headquartered Comerica Inc.'s stock rose 0.04%, finishing yesterday's session at $68.25 with a total trading volume of 1.35 million shares. The Company's shares have advanced 35.52% in the previous three months and 0.21% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 0.90% and 32.23%, respectively. Additionally, shares of Comerica, which through its subsidiaries, provides various financial products and services, have an RSI of 50.11.

On January 10^th, 2017, research firm Citigroup downgraded the Company's stock rating from 'Neutral' to 'Sell'.

On January 24^th, 2017, Comerica's Board of Directors declared a quarterly cash dividend for common stock of $0.23 per share. The dividend is payable April 01^st, 2017, to common stock shareholders of record March 15^th, 2017. Get free access to your research report on CMA at:

http://stock-callers.com/registration/?symbol=CMA

--

Stock Callers: 

Stock Callers (SC) produces regular sponsored and non-sponsored reports, articles, stock market blogs, and popular investment newsletters covering equities listed on NYSE and NASDAQ and micro-cap stocks. SC has two distinct and independent departments. One department produces non-sponsored analyst certified content generally in the form of press releases, articles and reports covering equities listed on NYSE and NASDAQ and the other produces sponsored content (in most cases not reviewed by a registered analyst), which typically consists of compensated investment newsletters, articles and reports covering listed stocks and micro-caps. Such sponsored content is outside the scope of procedures detailed below. 

SC has not been compensated; directly or indirectly; for producing or publishing this document. 

PRESS RELEASE PROCEDURES:

The non-sponsored content contained herein has been prepared by a writer (the "Author") and is fact checked and reviewed by a third party research service company (the "Reviewer") represented by a credentialed financial analyst [for further information on analyst credentials, please email info@stock-callers.com. Rohit Tuli, a CFA® charterholder (the "Sponsor"), provides necessary guidance in preparing the document templates. The Reviewer has reviewed and revised the content, as necessary, based on publicly available information which is believed to be reliable. Content is researched, written and reviewed on a reasonable-effort basis. The Reviewer has not performed any independent investigations or forensic audits to validate the information herein. The Reviewer has only independently reviewed the information provided by the Author according to the procedures outlined by SC. SC is not entitled to veto or interfere in the application of such procedures by the third-party research service company to the articles, documents or reports, as the case may be. Unless otherwise noted, any content outside of this document has no association with the Author or the Reviewer in any way.  

NO WARRANTY 

SC, the Author, and the Reviewer are not responsible for any error which may be occasioned at the time of printing of this document or any error, mistake or shortcoming. No liability is accepted whatsoever for any direct, indirect or consequential loss arising from the use of this document. SC, the Author, and the Reviewer expressly disclaim any fiduciary responsibility or liability for any consequences, financial or otherwise arising from any reliance placed on the information in this document. Additionally, SC, the Author, and the Reviewer do not (1) guarantee the accuracy, timeliness, completeness or correct sequencing of the information, or (2) warrant any results from use of the information. The included information is subject to change without notice. 

NOT AN OFFERING 

This document is not intended as an offering, recommendation, or a solicitation of an offer to buy or sell the securities mentioned or discussed, and is to be used for informational purposes only. Please read all associated disclosures and disclaimers in full before investing. Neither SC nor any party affiliated with us is a registered investment adviser or broker-dealer with any agency or in any jurisdiction whatsoever. To download our report(s), read our disclosures, or for more information, visit

http://stock-callers.com/legal-disclaimer/

CONTACT
For any questions, inquiries, or comments reach out to us directly. If you're a company we are covering and wish to no longer feature on our coverage list contact us via email and/or phone between 09:30 EDT to 16:00 EDT from Monday to Friday at:
Email: info@stock-callers.com
Phone number:  +44 330 808 3765
Office Address: Clyde Offices, Second Floor, 48 West George Street, Glasgow, U.K. -G2 1BP

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE Chelmsford Park SA