NEW YORK, November 21, 2016 /PRNewswire/ --
Stock-Callers.com directs investors' attention to the Money Center Banks industry which is composed of financial institutions that are involved in borrowing and lending activities with governments, large corporations, and regular banks. Equities to review today are: First Republic Bank (NYSE: FRC), The Bank of Nova Scotia (NYSE: BNS), Bank of Montreal (NYSE: BMO), and Home Bancshares Inc. (NASDAQ: HOMB). Sign up today and download for free the research reports for the stocks covered today at: http://stock-callers.com/registration
First Republic Bank
California headquartered First Republic Bank's stock recorded a trading volume of 849,595 shares, and finished Friday's trading session 0.40% lower at $82.89. The Company's shares have gained 9.17% in the last one month, 12.54% over the previous three months, and 26.61% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 8.00% and 17.36%, respectively. Furthermore, shares of First Republic Bank, which together with its subsidiaries, provides private banking, private business banking, real estate lending, and wealth management services to clients in metropolitan areas of the US, have a Relative Strength Index (RSI) of 64.24.
On November 15th, 2016, First Republic Bank announced the pricing of an underwritten public offering of 3,500,000 shares of its common stock for expected gross proceeds of approximately $287.0 million before underwriting discounts and commissions and estimated offering expenses. First Republic has also granted the underwriters a 30-day option to purchase up to an additional 525,000 shares from First Republic.
On November 16th, 2016, research firm Morgan Stanley downgraded the Company's stock rating from 'Overweight' to 'Equal-Weight'. FRC complete research report is just a click away at: http://stock-callers.com/registration/?symbol=FRC
The Bank of Nova Scotia
Last Friday, Canada headquartered The Bank of Nova Scotia's stock recorded a trading volume of 511,878 shares, and ended the session 0.45% higher at $53.28. The Company's shares have gained 4.61% over the previous three months and 36.20% on an YTD basis. The stock is trading 0.38% above its 50-day moving average and 8.64% above its 200-day moving average. Moreover, shares of the company, which provides various personal, commercial, corporate, and investment banking services in Canada and internationally, have an RSI of 50.14.
On November 1st, 2016, research firm Bank of America/ Merrill initiated a 'Buy' rating on the Company's stock.
On November 9th, 2016 Scotiabank proudly opened the doors of a new Scotiabank Solutions branch at 1 Victoria Street in Kitchener. This branch, managed by Peter Ly, is the second Scotiabank Solutions branch in Canada. The complimentary report on BNS can be downloaded at: http://stock-callers.com/registration/?symbol=BNS
Bank of Montreal
Canada headquartered Bank of Montreal's stock ended the day 0.23% higher at $65.01 with a total trading volume of 519,913 shares. The Company's shares have gained 1.56% in the last month, 0.92% over the previous three months, and 20.13% on an YTD basis. The stock is trading 1.69% above its 50-day moving average and 5.53% above its 200-day moving average. Additionally, shares of the company, which provides diversified financial services primarily in North America, have an RSI of 59.62.
On November 1st, 2016, research firm Bank of America/ Merrill resumed its 'Neutral' rating on the Company's stock.
On November 15th, 2016, BMO Capital Markets, the investment and corporate banking arm of Bank of Montreal's Financial Group (BMO), has been named the first and only Canadian bank approved by the People's Bank of China to quote CAD/CNY currencies as a market maker in the China Foreign Exchange Trade System. Sign up for your complimentary report on BMO at: http://stock-callers.com/registration/?symbol=BMO
Home Bancshares
Shares in Arkansas headquartered Home Bancshares Inc. recorded a trading volume of 925,132 shares, which was above their three months average volume of 642,240 shares. The stock ended Friday's session 1.52% higher at $26.11. The Company's shares have advanced 28.39% in the last month, 17.88% over the previous three months, and 30.93% since the start of this year. The stock is trading above its 50-day and 200-day moving averages by 20.18% and 24.57%, respectively. Furthermore, shares of Home Bancshares, which operates as the bank holding company for Centennial Bank that provides commercial and retail banking, and related financial services to businesses, real estate developers and investors, individuals, and municipalities, have an RSI of 81.58.
On November 10th, 2016, research firm Keefe Bruyette downgraded the Company's stock rating from 'Outperform' to 'Market Perform'.
On November 17th, 2016, at a hearing of the U.S. Bankruptcy Court for the Middle District of Florida in Tampa, Florida, Home BancShares was designated the successful bidder to purchase The Bank of Commerce, a Florida state-chartered bank that operates in the Sarasota, Florida area from its parent company, Bank of Commerce Holdings, Inc. a Florida corporation and bank holding company which is the subject of the bankruptcy proceeding. Download the research report for free on HOMB at: http://stock-callers.com/registration/?symbol=HOMB
--
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
