Today's Research: Bank of America Corp., Citigroup Inc., TCF Financial Corp., and The PNC Financial Services Group Inc.

Mon Aug 19, 2013 8:54am EDT

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Today's Research: Bank of America Corp., Citigroup Inc., TCF Financial Corp., and The PNC Financial Services Group Inc.

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PR Newswire

LONDON, August 19, 2013 /PRNewswire/ --

The US equity market edged lower on Friday, August 16, 2013. The S&P 500 fell 0.33%, closing at 1,655.83, and the Dow Jones Industrial Average fell 0.20%, closing at 15,081.47. Shares in money center banks closed on a mixed note on Friday. The major movers included Bank of America Corporation (NYSE: BAC), Citigroup Inc. (NYSE: C), TCF Financial Corporation (NYSE: TCB), and The PNC Financial Services Group Inc. (NYSE: PNC). AAAResearchReports.com has completed its technical analysis on BAC, C, TCB, and PNC and these free reports are accessible by registering at:

http://www.aaaresearchreports.com/register/  

Bank of America Corporation's stock edged higher on Friday, even as the broader market declined. The company's shares fluctuated between $14.21 and $14.47 before ending the day at $14.42, up 0.70%. A total of 104.96 million shares were traded, which is below the daily average volume of 116.13 million. Bank of America Corporation's shares have gained 7.37% in the last three months, compared to a loss of 0.70% in the S&P 500 during the same period. Furthermore, the stock is currently trading above its 50-day and 200-day moving averages. Sign up for free technical research on BAC at:

http://www.AAAResearchReports.com/BAC081913.pdf

Shares in Citigroup Inc. fell sharply on Friday, extending their losses from previous trading sessions. The company's shares closed the day 1.00% lower at $50.35 after oscillating between $50.22 and $51.08. A total of 23.50 million shares were traded, which is below the daily average volume of 28.70 million. The company's shares have lost 2.14% in the last three months, underperforming the S&P 500 which has fallen 0.70% during the same period. However, Citigroup Inc.'s stock continues to trade above its 200-day moving average. Be sure to read our latest technical research on C by registering at:

http://www.AAAResearchReports.com/C081913.pdf

Shares in TCF Financial Corporation moved higher on Friday, reversing some of their recent losses. After oscillating between $14.34 and $14.63, the stock ended at $14.46, up 0.42% from its previous closing price. A total of 0.80 million shares were traded, which is below the daily average volume of 1.43 million. The company's shares have fallen 1.23% in the previous three trading sessions, outperforming the S&P 500 which has fallen 2.26% during the same period. Additionally, the company's shares are trading above their 200-day moving average. Sign up and read the complimentary report on TCB at:

http://www.AAAResearchReports.com/TCB081913.pdf

Shares in The PNC Financial Services Group Inc. finished nearly flat on Friday after falling sharply in the previous trading session. The company's shares closed the day at $74.91, down 0.01% after oscillating between $74.46 and $75.39. A total of 2.27 million shares were traded, which is below the daily average volume of 2.52 million. The company's shares have gained 4.75% in the last three months, compared to a decline of 0.70% in the S&P 500 during the same period. Further, the company's stock is currently trading above its 50-day and 200-day moving averages. The free report on PNC can be downloaded by signing up now at:

http://www.AAAResearchReports.com/PNC081913.pdf

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