Pre-Market Analysis on JPMorgan, KeyCorp, SunTrust Banks, and First Republic Bank

Tue Apr 16, 2013 8:01am EDT

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LONDON,  April 16, 2013  /PRNewswire/ --

JP Morgan Chase & Co. (NYSE: JPM) kicked off the earnings season for banks last
Friday. Although the banking giant reported record earnings for the quarter, its
revenue growth for the quarter slowed. Slowing revenue growth is a concern for
the banking industry. On Monday, First Republic Bank (NYSE: FRC) also reported
its quarterly results. Investors are now eyeing quarterly results from KeyCorp
(NYSE: KEY) and SunTrust Banks Inc. (NYSE: STI), which are scheduled to be
released this week. Bank's stocks ended mostly lower on Monday, tracking losses
in the broad market, which tumbled on weak U.S. and Chinese economic data.
StockCall has posted free technical research on JPM, KEY, STI, and FRC which can
be downloaded upon sign up at

JP Morgan Chase & Co.'s shares fell sharply on Monday. The stock touched an
intra-day low of  $47.90  before finishing the day 2.20% lower at  $47.93  on
above average volume of 31.53 million. Despite the sharp pullback, the bank's
shares are currently trading close to their 52-week high of  $51. The stock has
had an excellent run so far in 2013, gaining more than 10.40%, compared to a
gain of over 8.80% for the S&P 500. Shares of JPM have slipped below their
50-day moving average as a result of Monday's sell-off. This is a bearish
signal. Sign up and read the complimentary report on JPM at

Shares of KeyCorp tumbled on Monday, extending their losses from last week. The
stock closed 2.95% lower at  $9.55  on above average volume of 12.56 million,
taking its losses in the last three trading sessions to nearly 4.80%. Shares of
KEY touched an intra-day low of  $9.55  on Monday. The stock is currently
trading nearly 7% below its 52-week high. Year-to-date, KeyCorp's shares have
gained nearly 14%, outperforming the broad market. The stock's MACD chart,
however, suggests that market sentiment has turned bearish. The stock has also
slipped below its 50-day moving average, which further confirms the negative
trend. The free report on KEY can be downloaded by signing up now at

Shares of SunTrust Banks Inc. were among the major losers in the banking sector
on Monday. The stock ended the day 3.20% lower at  $27.87  on volume of 3.68
million after touching an intra-day low of  $27.87. The bank's shares have also
slipped below their 50-day moving average following yesterday's sell-off. The
stock's MACD has also crossed below the signal line and the zero-line, which is
a bearish signal. For the year, shares of STI are now down more than 1.50%. Free
report on STI can be accessed by registering at

Another major loser on Monday was First Republic Bank. Shares of the  San
Francisco, California-based bank fell 4.45% to finish the day  $38.22  on above
average volume of 1.75 million. Despite the sharp decline yesterday, the bank's
shares are still trading close to their 52-week high of  $40.31. The stock is
still up more than 16% for the year. Shares of FRC are also trading above their
50-day and 200-day moving averages. The stock currently has support at around 
$38. Register with StockCall and download the research on FRC for free at

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Contact Person:William T. Knight, Email: , Contact Number:
+1-(646)-396-9857 (9:00 am EST - 01:30 pm EST)

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