Book Profits On PNC, SunTrust And Three Other Regional Banks, Pre-Earnings

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Photographer: Daniel Acker/Bloomberg

Disclosure: I have no positions in BB&T, M&T Bank, SunTrust, U.S.Bancorp or PNC Financial.

BB&T, M&T Bank, SunTrust and U.S. Bancorp set their postelection highs on March 1. Only PNC Financial set its all-time intraday and postelection high in October. Only one, SunTrust remains well below its May 2007 high of $94.18.

PNC Financial reports earnings on Oct. 13 and is expected to earn $2.12 a share before the opening bell. M&T Bank and U.S. Bancorp report their earnings on Oct. 18 and they are expected to earn $2.40 and 88 cents a share, respectively, before the opening bell. BB&T reports earnings on Oct. 19 and is expected to earn 79 cents a share before the opening bell. SunTrust reports earnings on Oct. 20 and is expected to earn $1.05 a share before the opening bell.

Scorecard for the Five Biggest Super Regional Banks

Global Market Consultants

Scorecard For 5 Super Regional Banks

When looking the weekly charts below, the 200-week simple moving averages shown in green is considered the "reversion to the mean" for each stock. The reversion to the mean is an investment theory that the price of a stock, will eventually return to a longer-term simple moving average. A stock trading above its 200-week simple moving average will eventually decline back to it on weakness. Similarly, a stock trading below its 200-week simple moving average will eventually rebound to it on strength.

Courtesy of MetaStock Xenith

Courtesy of MetaStock Xenith

Must Read: 5 Standout Monthly Dividend Stocks To Buy

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Photographer: Daniel Acker/Bloomberg

Disclosure: I have no positions in BB&T, M&T Bank, SunTrust, U.S.Bancorp or PNC Financial.

BB&T, M&T Bank, SunTrust and U.S. Bancorp set their postelection highs on March 1. Only PNC Financial set its all-time intraday and postelection high in October. Only one, SunTrust remains well below its May 2007 high of $94.18.

PNC Financial reports earnings on Oct. 13 and is expected to earn $2.12 a share before the opening bell. M&T Bank and U.S. Bancorp report their earnings on Oct. 18 and they are expected to earn $2.40 and 88 cents a share, respectively, before the opening bell. BB&T reports earnings on Oct. 19 and is expected to earn 79 cents a share before the opening bell. SunTrust reports earnings on Oct. 20 and is expected to earn $1.05 a share before the opening bell.

Scorecard for the Five Biggest Super Regional Banks

Global Market Consultants

Scorecard For 5 Super Regional Banks

When looking the weekly charts below, the 200-week simple moving averages shown in green is considered the “reversion to the mean” for each stock. The reversion to the mean is an investment theory that the price of a stock, will eventually return to a longer-term simple moving average. A stock trading above its 200-week simple moving average will eventually decline back to it on weakness. Similarly, a stock trading below its 200-week simple moving average will eventually rebound to it on strength.

Courtesy of MetaStock Xenith

Courtesy of MetaStock Xenith

Must Read: 5 Standout Monthly Dividend Stocks To Buy

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