NEW YORK, NY / ACCESSWIRE / June 21, 2017 / Research Driven Investing strives to provide investors with free daily equity research reports analyzing major market events. Take a few minutes to register with us free at http://rdinvesting.com and get exclusive access to our numerous research reports and market updates.

RDI Initiates Coverage on:

Royal Bank of Canada
https://ub.rdinvesting.com/news/?ticker=RY.TO

Bank of Nova Scotia
https://ub.rdinvesting.com/news/?ticker=BNS.TO

Bank of Montreal
https://ub.rdinvesting.com/news/?ticker=BMO.TO

Canadian Imperial Bank of Commerce
https://ub.rdinvesting.com/news/?ticker=CM.TO

Royal Bank of Canada's stock edged 0.57% lower Tuesday, to close the day at $93.76. The stock recorded a trading volume of 1,828,955 shares, which was below its three months average volume of 3,864,440 shares. In the last year Royal Bank of Canada's shares traded in a range of 74.64 - 99.90. The share price has gained 25.62% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $93.41 is below its 200-day moving average of $94.51. Shares of the company are trading at a Price to Earnings ratio of 12.76.

Access RDI?s Royal Bank of Canada Research Report at:
https://ub.rdinvesting.com/news/?ticker=RY.TO

On Tuesday, shares in Bank of Nova Scotia recorded a trading volume of 3,188,983 shares, which was above the three months average volume of 2,987,640 shares. The stock ended the day 0.36% higher at 78.85. The share price has gained 26.44% from its 52 week low with a 52 week trading range of 62.36 - 82.30.The company's shares are currently trading above their 200-day moving average. Moreover, the stock's 50-day moving average of $76.39 is below its 200-day moving average of $77.44. Shares of the company are trading at a Price to Earnings ratio of 12.54.

Access RDI's Bank of Nova Scotia Research Report at:
https://ub.rdinvesting.com/news/?ticker=BNS.TO

Bank of Montreal's stock edged 0.42% lower Tuesday, to close the day at $93.29. The stock recorded a trading volume of 892,795 shares, which was below its three months average volume of 1,862,900 shares. In the last year Bank of Montreal's shares have traded in a range of 79.82 - 104.15. The share price has gained 16.88% from its 52 week low. The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $93.26 is below its 200-day moving average of $97.45. Shares of the company are trading at a Price to Earnings ratio of 11.74.

Access RDI?s Bank of Montreal Research Report at:
https://ub.rdinvesting.com/news/?ticker=BMO.TO

On Tuesday, shares in Canadian Imperial Bank of Commerce recorded a trading volume of 856,696 shares, which was below the three months average volume of 1,639,210 shares. The stock ended the day 0.57% lower at 106.13. The stock is currently trading 12.17% below its 52 week high with a 52 week trading range of 95.50 - 120.83.The company's shares are currently trading below their 200-day moving average. Moreover, the stock's 50-day moving average of $106.75 is below its 200-day moving average of $112.06. Shares of the company are trading at a Price to Earnings ratio of 8.84.

Access RDI's Canadian Imperial Bank of Commerce Research Report at:
https://ub.rdinvesting.com/news/?ticker=CM.TO

Our Actionable Research on Royal Bank of Canada (TSX: RY), Bank of Nova Scotia (TSX: BNS), Bank of Montreal (TSX: BMO) and Canadian Imperial Bank of Commerce (TSX: CM) can be downloaded free of charge at Research Driven Investing.

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Disclaimer: This article is written by an independent contributor of RDInvesting.com and reviewed by Nadia Noorani, CFA® charter holder. RDInvesting.com is neither a registered broker dealer nor a registered investment advisor. For more information please read our full disclaimer at www.rdinvesting.com/disclaimer.

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SOURCE: RDInvesting.com