This Morning's Technical Outlook on Banking Stocks -- Wells Farg

This Morning's Technical Outlook on Banking Stocks -- Wells Fargo, Royal Bank of Canada, SunTrust Banks, and Sterling

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SOURCE Wall St. Equities

NEW YORK, Jan. 03, 2018 /PRNewswire/ --

WallStEquities.com strives to bring the best free research to the investment community.  Today we are offering reports on WFC, RY, STI, and STL which can be accessed for free by signing up to http://www.wallstequities.com/registration. For today, WallStEquities.com concentrates on the Money Center Banks industry, which is comprised of banks that raise most of their funds from the domestic and international money markets, relying less on depositors for funds. Lined up for assessment this morning are: Wells Fargo & Co. (NYSE: WFC), Royal Bank of Canada (NYSE: RY), SunTrust Banks Inc. (NYSE: STI), and Sterling Bancorp (NYSE: STL). All you have to do is sign up today for this free limited time offer by clicking the link below. http://www.wallstequities.com/registration

Wells Fargo

San Francisco, California headquartered Wells Fargo & Co.'s shares gained 0.69%, closing Tuesday's trading session at $61.09. The stock recorded a trading volume of 13.77 million shares. The Company's shares have advanced 8.18% in the last month, 10.13% over the previous three months, and 0.69% since the start of this year. The stock is trading 7.35% above its 50-day moving average and 12.10% above its 200-day moving average. Additionally, shares of Wells Fargo, which provides retail, commercial, and corporate banking services to individuals, businesses, and institutions, have a Relative Strength Index (RSI) of 62.27. 

On December 18th, 2017, Wells Fargo announced that, effective immediately, it has appointed Mary Mack to head the Company's Consumer Lending business, in addition to Community Banking, expanding the senior executive vice president's responsibilities. Mack's new role includes the Community Banking organization, which she has led since July 2016, and Consumer Lending, which includes Wells Fargo Home Lending, Wells Fargo Dealer Services, and the student lending and personal lines of credit businesses that make up its Personal Lending organization. 

On January 02nd, 2018, research firm Barclays reiterated its 'Overweight' rating on the Company's stock with an increase of the target price from $65 a share to $75 a share. Get the full research report on WFC for free by clicking below at: http://www.wallstequities.com/registration/?symbol=WFC

Royal Bank of Canada

On Tuesday, shares in Toronto, Canada headquartered Royal Bank of Canada recorded a trading volume of 555,237 shares. The stock rose 0.83%, ending the day at $82.33. The Company's shares have advanced 5.15% in the past month, 6.12% in the previous three months, and 0.83% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 3.64% and 10.41%, respectively. Furthermore, shares of the Company, which together with its subsidiaries, operates as a diversified financial service company worldwide, have an RSI of 73.85. 

On December 15th, 2017, Royal Bank of Canada ("RBC Royal Bank") has appointed Nadine Renaud-Tinker as President, Quebec Headquarters. Ms. Renaud-Tinker will be taking over the helm from Martin Thibodeau, who has headed the Bank in Quebec for the past five years. Mr. Thibodeau has been appointed Regional President, British Columbia. RY's complimentary research coverage is a few simple steps away at: http://www.wallstequities.com/registration/?symbol=RY

SunTrust Banks

Atlanta, Georgia headquartered SunTrust Banks Inc.'s stock finished the day 0.42% higher at $64.86 with a total trading volume of 3.23 million shares. The Company's shares have advanced 5.24% in the last one month, 8.41% in the previous three months, and 0.42% on an YTD basis. The stock is trading above its 50-day and 200-day moving averages by 5.72% and 12.64%, respectively. 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 56.65. 

On December 11th, 2017, SunTrust Banks announced that it has officially launched Zelle, giving the Bank's Consumer Online and Mobile Banking clients access to a new payments network to quickly and easily send and receive money. The Bank is replacing Popmoney with Zelle to enhance the client experience by offering fast payment capabilities and new services, such as the ability to split payments.

On January 02nd, 2018, research firm Barclays reiterated its 'Equal Weight' rating on the Company's stock with an increase of the target price from $68 a share to $77 a share. Register for your free research report on STI at: http://www.wallstequities.com/registration/?symbol=STI

Sterling Bancorp

Shares in Montebello, New York-based Sterling Bancorp ended yesterday's session 0.81% lower at $24.40. The stock recorded a trading volume of 1.55 million shares. The Company's shares are trading 3.84% above their 200-day moving average. Moreover, shares of Sterling Bancorp, which operates as the bank holding company for Sterling National Bank that provides various banking services to commercial, consumer, and municipal clients in the US, have an RSI of 40.06. Wall St. Equities' downloadable research report on STL available at: http://www.wallstequities.com/registration/?symbol=STL

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