NEW YORK, December 28, 2016 /PRNewswire/ --
Pre-market, Stock-Callers.com takes note of four Regional Midwest Banks equities, namely, KeyCorp (NYSE: KEY), Huntington Bancshares Inc. (NASDAQ: HBAN), Fifth Third Bancorp (NASDAQ: FITB), and US Bancorp (NYSE: USB). These companies belong to the Financials sector which continued to edge higher during late trade on Tuesday, December 27th, 2016, with the NYSE Financial Sector Index climbing about 0.2%, while Financials companies in the S&P 500 Index added nearly 0.2% in value. You can have access of our complimentary research reports on these stocks now at:
Shares in Cleveland, Ohio headquartered KeyCorp rose 0.38%, ending Tuesday's trading session at $18.54. The stock recorded a trading volume of 4.87 million shares. The Company's shares have gained 6.98% in the last one month, 53.34% over the previous three months, and 44.24% on an YTD basis. The stock is trading 15.19% and 44.17% above its 50-day and 200-day moving averages, respectively. Moreover, shares of KeyCorp, which operates as the bank holding company for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the US, have a Relative Strength Index (RSI) of 70.75.
On December 05th, 2016, research firm CLSA downgraded the Company's stock rating from 'Outperform' to 'Underperform'.
On December 19th, 2016, KeyCorp announced that First Niagara Risk Management, a nationally known insurance agency, is now a subsidiary of KeyBank, operating under the name Key Insurance & Benefits Services, Inc. Visit us today and download your complete report on KEY for free at:
Columbus, Ohio headquartered Huntington Bancshares Inc.'s stock climbed 0.15%, closing the day at $13.44 with a total trading volume of 5.25 million shares. The Company's shares have advanced 7.65% in the last month, 38.82% over the previous three months, and 24.95% since the start of this year. The stock is trading 14.25% above its 50-day moving average and 33.12% above its 200-day moving average. Additionally, shares of Huntington Bancshares, which operates as a holding company for The Huntington National Bank that provides commercial, small business, consumer, and mortgage banking services, have an RSI of 68.02.
On November 30th, 2016, research firm Wedbush reiterated its 'Outperform' rating on the Company's stock with an increase of the target price from $13 a share to $14 a share.
On December 14th, 2016, Huntington Bancshares announced that its prime rate is increasing from 3.50% to 3.75%, effective December 15th, 2016. The rate was last changed on December 17th, 2015, when Huntington increased its prime rate from 3.25% to 3.5%. The complimentary research report on HBAN can be accessed at:
Fifth Third Bancorp
On Tuesday, shares in Cincinnati, Ohio headquartered Fifth Third Bancorp recorded a trading volume of 2.42 million shares. The stock ended the day 0.29% higher at $27.76. The Company's shares have advanced 6.20% in the past month, 34.82% in the previous three months, and 41.18% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 13.98% and 39.50%, respectively. Furthermore, shares of Fifth Third Bancorp, which operates as a diversified financial services company in the US, have an RSI of 69.60.
On November 30th, 2016, research firm Wedbush reiterated its 'Neutral' rating on the Company's stock with an increase of the target price from $25 a share to $26 a share.
On December 22nd, 2016, Fifth Third Bancorp and EverFi announced a multi-year contract that will enable Fifth Third to offer financial education and entrepreneurship classes to high school students located within the 10 states where the Bank operates retail branches. Register for free on Stock-Callers.com and download the PDF research report on FITB at:
Minneapolis, Minnesota headquartered US Bancorp's stock climbed 0.21%, finishing yesterday's session at $52.31 with a total trading volume of 3.14 million shares. The Company's shares have advanced 5.85% in the last one month, 22.74% in the previous three months, and 25.00% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 9.02% and 21.05%, respectively. Additionally, shares of US Bancorp, which provides a range of financial services in the US, have an RSI of 71.96.
On December 01st, 2016, research firm Susquehanna downgraded the Company's stock rating from 'Positive' to 'Neutral'.
On December 20th, 2016, US Bank National Association announced the redemption on December 30th, 2016 of all of its outstanding (i) 1.10% Senior Notes due January 30th, 2017 and (ii) Floating Rate Senior Notes due January 30th, 2017. The redemption price will be equal to $1,000 per $1,000 original principal amount, plus any accrued and unpaid interest to, but excluding, the redemption date of December 30, 2016. US Bancorp is the parent company of US Bank National Association. Get free access to your research report on USB at:
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