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This Morning’s Technical Outlook on Banking Stocks — Home Bancshares, ICICI Bank, JPMorgan Chase, and Simmons First National

NEW YORK, March 9, 2018 /PRNewswire/ — strives to bring the best free research to the investment community. Today we are offering reports on HOMB, IBN, JPM, and SFNC which can be accessed for free by signing up to has issued research reports on Home Bancshares Inc. (Conway, AR) (NASDAQ: HOMB), ICICI Bank Ltd (NYSE: IBN), JPMorgan Chase & Co. (NYSE: JPM), and Simmons First National Corp. (NASDAQ: SFNC). Companies in the Money Center Banks space raise most of their funds from the domestic and international money markets, relying less on depositors for funds. All you have to do is sign up today for this free limited time offer by clicking the link below.

Home Bancshares

Conway, Arkansas headquartered Home Bancshares Inc. (Conway, AR)’s shares declined 1.33%, closing Thursday’s trading session at $24.51. The stock recorded a trading volume of 535,417 shares. The Company’s shares have advanced 2.94% in the last month and 4.39% over the previous three months. The stock is trading 2.36% above its 50-day moving average and 2.70% above its 200-day moving average. Additionally, 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 a Relative Strength Index (RSI) of 55.99.

On February 22nd, 2018, Home Bancshares announced that the Board of Directors has authorized an increase of 5,000,000 in the number of shares of the Company’s stock available under its common stock repurchase program, which was approved by the Board in January 2008 and previously amended in January 2017. The authorization was made in anticipation of the capital growth expected as a result of the “Tax Cuts and Jobs Act”.

On March 01st, 2018, research firm Piper Jaffray upgraded the Company’s stock rating from ‘Neutral’ to ‘Overweight’. Get the full research report on HOMB for free by clicking below at:


On Thursday, shares in Mumbai, India-based ICICI Bank Ltd recorded a trading volume of 7.66 million shares, which was above their three months average volume of 6.85 million shares. The stock rose 1.21%, ending the day at $9.20. The Company’s shares have advanced 22.96% over the past year. The stock is trading below its 200-day moving average by 1.76%. Furthermore, shares of ICICI Bank, which together with its subsidiaries, provides banking and financial services in India and internationally, have an RSI of 35.63. IBN’s complimentary research coverage is a few simple steps away at:

JPMorgan Chase

New York headquartered JPMorgan Chase & Co.’s stock finished the day 0.01% higher at $114.74 with a total trading volume of 11.01 million shares. The Company’s shares have advanced 2.35% in the last month, 8.53% in the previous three months, and 25.80% over the past year. The stock is trading above its 50-day and 200-day moving averages by 1.84% and 15.99%, respectively. Additionally, shares of JPMorgan Chase, which operates as a financial services company worldwide, have an RSI of 52.94.

On February 21st, 2018, research firm Morgan Stanley reiterated its ‘Overweight’ rating on the Company’s stock with an increase of the target price from $133 a share to $136 a share.

On February 27th, 2018, JPMorgan Chase has filed its Annual Report on Form 10-K for the fiscal year ended December 31st, 2017 with the SEC. The report is available on SEC’s website as well as on the Firm’s Investor Relations website, under “SEC & Other Filings”. Register for your free research report on JPM at:

Simmons First National

Shares in Pine Bluff, Arkansas headquartered Simmons First National Corp. ended yesterday’s session 0.50% lower at $30.05. The stock recorded a trading volume of 327,999 shares. The Company’s shares have advanced 5.35% in the last month, 7.51% over the previous three months, and 4.07% over the past year. The stock is trading 3.15% and 8.23% above its 50-day and 200-day moving averages, respectively. Moreover, shares of Simmons First National, which operates as a bank holding company for Simmons Bank that provides financial services to individuals and businesses, have an RSI of 59.45. Wall St. Equities’ downloadable research report on SFNC available at:

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