(EMAILWIRE.COM, September 16, 2011 ) Chicago, IL -- Many bank stocks were up Thursday following news of a support plan for European banks.
The Dow closed up 186 for a fourth straight day of gains after central banks back up European lenders. That translated into good news for U.S. banks as well.
The Stockfather, publisher of a free stock newsletter, looks at how several banks performed yesterday.
Bank of America Corporation (NYSE: BAC) closed at $7.33, up .28 (3.97%) on volume of 230,299,605. It is still well off its 52 week high of over $15. Then again, Warren Buffett recently invested billions in BAC so that's a pretty good endorsement.
Huntington Bancshares (NasdaqGS: HBAN) closed at $5.13, up .14 (2.81%) on volume of 11.4 million. If you're seeking a bank stock trading near its year low that's around $5 then HBAN may be for you.
For other bargain seekers, there are a couple other bank stocks to keep in mind.
Popular, Inc. (NasdaqGS: BPOP) closed at 1.79 Thursday, up .075 (4.36%) on volume of 7,130,315.
Tennessee Commerce Bancorp, Inc (NasdaqGM: TNCC) closed at an even 1.00 for no change on volume of 63,848. TNCC has traded as high as 5.38 in the past year.
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The Stockfather was not compensated for this press release and does not own any shares in any of the companies mentioned.
The Stockfather
Editor, The Stockfather
312-455-0810
thestockfather@gmail.com
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