Equity Research on Citigroup Inc. and PNC Financial Services Group Inc. - Money Center Banks Progressing
(firmenpresse) - NEW YORK, NY -- (Marketwire) -- 05/01/12 -- has a handpicked team of market professionals with over 100 years of combined investing experience. Today they are providing members comprehensive research on the Money Center Banks industry and are offering free analytical research on (NYSE: C) and (NYSE: PNC). Register with us today at to have free access to these research reports.
A combination of improved bond trading, underwriting and net interest revenue helped lift several money center banks during the first quarter. Several factors are inhibiting significant gains but the industry is taking positive steps at this time. Get your free reports on and at . There is no commitment to join.
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Citigroup Inc. continues to make progress but still faces challenges ahead. First quarter revenues climbed 1% over the prior year and 17% over the previous quarter. Profit did fall 2% in comparison to last year's first quarter though. report is accessible for free by registering today at .
Similarly, PNC Financial Services Group Inc. saw total revenue jump 5% sequentially on the backing of higher client fee income and higher net interest income. report is accessible for free by registering today at .
Soft loan demand in the U.S. and Europe will likely impact revenues of all banks for the foreseeable future. However, demand in emerging markets is healthy at this time.
Overall, money center banks are collectively moving in a positive direction. A fledgling global economic recovery is holding many banks back from seeing significant gains but first quarter earnings were encouraging for the most part.
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