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Big Banks Face Limited Upside

Here's an update to the regional banks I covered on May 2: Bank of America (BAC - Get Report) ($13.36 vs. $12.14 on May 2) set a multi-year high at $13.99 on May 31. My semiannual value level lags at $9.01 with a weekly pivot at $13.70 and monthly risky level at $14.54.

Citigroup (C - Get Report) ($51.23 vs. $45.87 on May 2) set a multi-year high at $53.56 on May 30. My annual value level is $33.19 with a monthly risky level at $54.06.

Fifth Third Bancorp (FITB - Get Report) ($17.92 vs. $16.75 on May 2) set a multi-year high at $18.73 on May 30. My monthly value level is $16.99 with a weekly risky level at $18.95.

Huntington Bancshares (HBAN) ($7.62 vs. $7.06 on May 2) set a multi-year high at $7.95 on May 30. My monthly value level is $7.11 with a weekly pivot at $7.69.

JP Morgan Chase (JPM - Get Report) ($54.04 vs. $48.01 on May 2) set a multi-year high at $55.90 on May 30. My semiannual value level is $46.82 with a weekly pivot at $53.60, and monthly risky level at $54.71.


KeyCorp (KEY) ($10.67 vs. $9.88 on May 2) set a multi-year high at $11.00 on May 22. My monthly value level is $10.19 with a weekly pivot at $10.87.

M&T Bank (MTB) ($104.29 vs. $99.54 on May 2) set a multi-year high at $107.41 on May 22. My quarterly value level is $90.11 with a semiannual pivot at $105.62 with a monthly risky level at $108.89.

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SYM TRADE IT LAST %CHG
BAC $15.56 -0.51%
C $52.80 -0.19%
FITB $19.65 0.56%
JPM $62.34 -0.42%
WFC $54.97 0.49%

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