Watch List: Banco Macro SA (NYSE:BMA), First Bancorp (NYSE:FBP), Santander Mexico Fincl Gp SAB (NYSE:BSMX), Deutsche Bank (NYSE:DB)

Posted by on Mar 17, 2014

SmarTrend will continue to scan these moving averages and a number of other proprietary indicators for any shifts in the trajectory of Banco Macro shares.Log in and add Banco Macro (BMA) to your watchlist today so you can receive a real-time alert when the shares are about to change trend. Banco Macro SA (ADR) (NYSE:BMA) shares after opening at $22.96 moved to $23.81 on last trade day and at the end of the day closed at $22.98.Company price to sales ratio in past twelve months was calculated as 1.24 and price to cash ratio as 0.68. Banco Macro SA (ADR) (NYSE:BMA) showed a negative weekly performance of -6.74%.

In trading on Thursday, shares of First Bancorp (NYSE:FBP) entered into oversold territory, hitting an RSI reading of 29.5, after changing hands as low as $4.40 per share. By comparison, the current RSI reading of the S&P 500 ETF (SPY) is 60.1. A bullish investor could look at FBP’s 29.5 RSI reading as a sign that the recent heavy selling is in the process of exhausting itself, and begin to look for entry point opportunities on the buy side. First Bancorp (NYSE:FBP) shares advanced 0.18% in last trading session and ended the day on $5.48. FBP return on equity ratio is recorded as -13.00% and its return on assets is -1.30%. First Bancorp (NYSE:FBP) yearly performance is -10.75%.

Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) said it has concluded the sale of Gestion Santander SA de CV’s shares, as a result of the agreement reached with its parent company, Banco Santander SA.Says, as a result of the transaction, Warburg Pincus y General Atlantic will indirectly hold a 50 pct of Gestion Santander and Banco Santander SA will indirectly hold its remaining 50 pct.Says the transaction was valued at 3,178.8 million Mexican pesos.Says a net gain for the company is 1,967.7 million Mexican pesos.  Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) shares moved down -5.66% in last trading session and was closed at $10.33, while trading in range of $10.30-$10.60. Santander Mexico Fincl Gp SAB deCV (ADR) (NYSE:BSMX) year to date performance is -24.27%.

Investors may have thought that the shadow of the financial crisis had been lifted forever. Not so fast, it seems. The U.S. Attorney’s Office for the Eastern District of New York in Brooklyn is investigating whether Bank of America violated the rules of the Federal Housing Administration’s Direct Endorsement Program. So far, FHA-related litigations pursued by the U.S. Attorney for the Southern District of New York, Preet Bharara, have led to a number of settlements such as a 2012 settlement where Citigroup Inc (NYSE:C) agreed to pay $158.3 million and Deutsche Bank AG (USA) (NYSE:DB) agreed to pay $20.3 million. Bank of America agreed to payment $1 billion to the federal government to settle claims related to its Countrywide home loan subsidiary. On February 4, 2014, JPMorgan Chase & Co. (NYSE:JPM) agreed to pay $614 million to settle similar charges. U.S. District Judge Jed Rakoff is hearing arguments as of this writing related to a U.S. Justice Department demand that Bank of America pay a further $2.1 billion in penalties. Deutsche Bank AG (USA) (NYSE:DB) weekly performance is -8.24%. On last trading day company shares ended up $43.30. Deutsche Bank AG (USA) (NYSE:DB) distance from 50-day simple moving average is -11.50%. Analysts mean target price for the company is $35.76.

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