Coverage Initiated on Select Foreign Money Center Banks’ Stocks

LONDON, UK / ACCESSWIRE / July 15, 2016 / Active Wall St. announces the list of stocks for today’s coverage. Pre-market the Active Wall St. team provides the latest corporate, market and technical events impacting selected stocks on the Foreign Money Center Banks industry. Companies recently under review include Barclays, Banco Santander, Lloyds Banking, and Credit Suisse. See our complete notes on Barclays at:

http://www.activewallst.com/registration-3/?symbol=BCS

Today, AWS is promoting its equity coverage. Get all of our research notes free by signing up to http://www.activewallst.com/register/.

The Foreign Money Center Banking industry moved up 2.1% by 10:30 am on Thursday. Banks in this space are involved in borrowing and lending activities with large firms, smaller financial institutions, and governments. Let us see how the current market environment is affecting some of the big names in the industry. Register with us now for your free membership and more at: http://www.activewallst.com/register/.

Active Wall St. takes a brief technical look at how each of the companies mentioned above have fared over the last few trading sessions.

Barclays PLC (NYSE: BCS)

London, the U.K. headquartered Barclays PLC’s shares jumped 3.08%, closing Thursday’s trading session at $8.02. The stock recorded a trading volume of 20.52 million shares, which was above their three months and average volume of 11.05 million shares. The Company’s shares are trading 14.23% below their 50-day moving average. Additionally, shares of Barclays, which through its subsidiaries, provides various financial products and services globally, have a Relative Strength Index (RSI) of 45.63.

On July 07, 2016, Tony Whittemore joined Barclays as executive chairman of mergers and acquisitions in New York as reported by Reuters. Whittemore was most recently co-head of Americas M&A at Deutsche Bank.

Banco Santander S.A. (NYSE: SAN)

On Thursday, shares in Madrid, Spain headquartered Banco Santander S.A. recorded a trading volume of 8.00 million shares. The stock edged 3.15% higher, ending the day at $4.26. The Company’s shares have advanced 4.16% in the last month. The stock is trading below its 50-day moving average by 3.04%. Furthermore, shares of Banco Santander, which together with its subsidiaries, provide various retail and commercial banking products and services for individual and corporate clients, have an RSI of 53.55.

Banco Santander S.A. named former JPMorgan executive Blythe Masters its senior blockchain adviser. Blockchain, or distributed ledger technology, creates a shared database in which participants can trace every transaction ever conducted. Banco Santander is one of several banks investing in this sector to avoid being left behind by fintech start-ups. The complimentary notes on SAN can be accessed at: http://www.activewallst.com/registration-3/?symbol=SAN.

Lloyds Banking Group PLC (NYSE: LYG)

London, the U.K. headquartered Lloyds Banking Group PLC’s stock finished the day 2.01% higher at $3.05. A total volume of 9.42 million shares was traded, which was above their three months average volume of 8.54 million shares. The Company’s shares are trading below their 50-day moving average by 18.02%. Additionally, shares of Lloyds Banking Group, which provides banking and financial services to individual and business customers in the U.K. and globally, have an RSI of 43.85.

On June 29, 2016, Bloomberg reported that Lloyds Banking Group will eliminate about 640 jobs and close 23 branches as part of a cost-cutting program that started in October 2014. The cuts are part of the plan to pare about 9,000 roles by 2017. The job losses are in divisions such as consumer banking, retail wealth management, and technology operations, with the bank seeking to redeploy some people in other positions. The bank is creating about 115 new jobs as part of the changes. Register for free and access the notes on LYG at: http://www.activewallst.com/registration-3/?symbol=LYG.

Credit Suisse Group AG (NYSE: CS)

Shares in Zurich, Switzerland-based Credit Suisse Group AG ended yesterday’s session 3.77% higher at $11.28. The stock recorded a trading volume of 6.49 million shares, which was above their three months average volume of 5.08 million shares. The Company’s shares are trading 10.38% below their 50-day moving average. Moreover, shares in Credit Suisse Group, which together with its subsidiaries, provide various financial services globally, have an RSI of 47.69.

On July 05, 2016 Reuters reported that Credit Suisse is merging its fixed income and equities divisions in Asia Pacific, as the Swiss bank overhauls its global markets businesses. Credit Suisse has announced in March 2016 the reduction of an additional 800 million Swiss francs off costs and the cut of 2,000 more jobs from its global markets division, bringing the total to 6,000 job losses. CS free note is just a click away at: http://www.activewallst.com/registration-3/?symbol=CS.

Active Wall Street:

Active Wall Street (AWS) 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. AWS 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.

AWS 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@activewallst.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 AWS. AWS 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

AWS, 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. AWS, 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, AWS, 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 AWS 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://www.activewallst.com/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@activewallst.com
Phone number: 1-858-257-3144
Office Address: 3rd floor, 207 Regent Street, London, W1B 3HH, United Kingdom

CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.

SOURCE: Active Wall Street

ReleaseID: 442419