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Fri, March 22, 2013

StockCall Study on Banco Santander, Banco Bilbao Vizcaya Argentaria, Grupo Financiero Santander, and Deutsche Bank


Published on 2013-03-22 05:16:04 - Market Wire
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StockCall Study on Banco Santander, Banco Bilbao Vizcaya Argentaria, Grupo Financiero Santander, and... -- LONDON, March 22, 2013 /PRNewswire/ --

LONDON, March 22, 2013 /PRNewswire/ --

While U.S. banks have recovered from the financial crisis of 2009 and are fundamentally stronger, banks in Europe such as Banco Bilbao Vizcaya Argentaria SA (NYSE: [ BBVA ]) and Deutsche Bank AG (NYSE: [ DB ]) are still operating in a challenging environment. The European Central Bank's (ECB) LTRO program last year had helped in stabilizing Eurozone's banking system; however, recent developments in Cyprus have raised concerns over possible bank runs in peripheral Eurozone economies. Meanwhile, banks in the developed world as well as those operating in the emerging markets such as Banco Santander (Brasil) SA (NYSE: [ BSBR ]), Grupo Financiero Santander Mexico SAB de CV (NYSE: [ BSMX ]) have been under pressure to strengthen their capital ratios. Foreign bank stocks ended on a mixed note on Thursday even as the broad market struggled. StockCall free coverage on BSBR, BSMX, BBVA, and DB is available upon registration at

[ http://www.stockcall.com/register ]

Banco Santander SA's shares fell sharply in Thursday's trading session. The stock closed 1.72% lower at $7.43 on volume of 2.66 million. It has now fallen nearly 2% in the last three sessions. Banco Santander's shares have seen a series of lows over the past few sessions. The stock slipped below its 50-day moving average yesterday, which is a bearish signal. The stock's MACD has also crossed below the signal line, which further confirms the downbeat trend. Download the free technical research on BSBR by signing up at

[ http://www.StockCall.com/BSBR032213.pdf ]

Grupo Financiero Santander Mexico SAB de CV's shares edged lower on Thursday, extending their losses for the week. The stock closed 0.67% lower at $14.86 on volume of 828,449, taking its losses for the week to nearly 5%. Year-to-date, the stock has now fallen more than 8%, underperforming the broad market. Its MACD has just crossed below the signal line and the zero-line, which is a strong bullish signal. The stock is also trading below its 50-day moving average, which further confirms the positive trend. Register now and get access to the free analysis on BSMX at

[ http://www.StockCall.com/BSMX032213.pdf ]

Shares of Spain's Banco Bilbao Vizcaya Argentaria SA slipped yesterday as European stocks remained under pressure due to concerns over Cyprus's bailout. The stock closed 0.94% lower at $9.47 on volume of 1.07 million, taking its losses for the week to over 6.30%. Banco Bilbao's shares have pared most of their gains for the year as a result of the sell-off this week. Year-to-date, the stock is now up more than 1.90%. It has slipped below $9.50 support level this week. Sign up and read the complimentary report on BBVA at

[ http://www.StockCall.com/BBVA032213.pdf ]

Shares of Deutsche Bank AG edged higher on Thursday; however, the gains were limited. The stock ended the day 0.24% higher at $42 on volume of 1.54 million. For the week, Deutsche Bank's shares have fallen nearly 6%. Year-to-date, the foreign regional bank's shares are now down more than 5%, underperforming the S&P 500, which has gained nearly 8.40%. Deutsche Bank's shares have support at around $42. The free report on DB can be downloaded by signing up now at

[ http://www.StockCall.com/DB032213.pdf ]

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