Big Earnings on Financial Stocks (SNV, BAC, MS, C, JPM)

Los Angelas, CA -- (SBWIRE) -- 01/22/2013 -- Synovus Financial Corp. (NYSE:SNV) profits and revenues topped analysts’ estimates. The company said its earnings were helped by the sale of distressed assets and income-tax benefits related to the recapture of deferred tax-asset valuation allowance. Shares initially rose 2.6 percent, but dipped 1.48 percent to $2.67 in the early session.

Can SNV Continue To Move Higher? Find Out Here

Bank of America Corporation (NYSE:BAC) is -0.07 at $11.07, with 714,294 shares traded. Over the last four weeks they have had 10 up revisions for the earnings forecast, for the fiscal quarter ending Mar 2013. The consensus EPS forecast is $0.22. BAC's current last sale is 85.15% of the target price of $13.

What Are BAC’s Charts Signaling For Traders? Find Out Here

Morgan Stanley (NYSE:MS) reported income from continuing operations applicable to the company was US$573 million, or US$0.28 per diluted share, which included a net tax benefit of about US$155 million, or US$0.08 per diluted share. That is compared with a loss of US$222 million, or a loss of US$0.13 per diluted share, for the fourth quarter of 2011.

How Should Investors Trade MS After The Recent Volatile Moves? Find Out Here

Citigroup Inc. (NYSE:C) shares are up about 5.31% for 2013 and recently topped out a 52-week high of $43.25 (Jan 09, 2013). Since then, it has retreated 3.68% but stands 69.42% above 52-week low. The shares advanced above the 200-Day SMA ($33.87) and are now sitting 9.06% above 50-day SMA. The performance measured for the month was +5.58% and weekly performance appeared at -1.61%.

Will C Extend Rally In The Coming Week? Find Out Here

JPMorgan Chase & Co. (NYSE:JPM)’s market capitalization was 176.73 billion. JPM was a gainer in its one month and three month’s performance as shown by its graph, it moved positive +5.59% and +9.78%, respectively. In the previous session, the stock, after opening at $46.38, gained the high price of $46.60 and then closed at $46.46.

Should JPM a Buy Now? Find Out Here

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