This Morning’s Technical Outlook on Banking Stocks — Home Bancshares, ICICI Bank, JPMorgan Chase, and Simmons First National
NEW YORK, March 9, 2018 /PRNewswire/ — WallStEquities.com 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 www.wallstequities.com/registration. WallStEquities.com 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.
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:
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:
Wall St. Equities:
Wall St. Equities (WSE) 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. WSE 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.
WSE 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 firstname.lastname@example.org. 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 WSE. WSE 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.
WSE, 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. WSE, 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, WSE, 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 WSE 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
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:
Phone number: +21-32-044-48
Office Address: 1 Scotts Road #24-10, Shaw Center Singapore 228
CFA® and Chartered Financial Analyst® are registered trademarks owned by CFA Institute.
View original content:http://www.prnewswire.com/news-releases/this-mornings-technical-outlook-on-banking-stocks—-home-bancshares-icici-bank-jpmorgan-chase-and-simmons-first-national-300611409.html
SOURCE Wall St. Equities